Three buyers entered into an agreement to acquire 2.49% stake in Y.Z. Queenco Ltd. (TASE:QNCO) from Queenco Holdings Ltd. and Shahar Hamillennium (1991) Ltd. for ILS 3.7 million on November 19, 2015. Under the terms of the deal, 7.3 million shares of Y.Z. Queenco will be sold at a price per share of ILS 0.5. In addition, one of the buyers will receive 3.7 million warrants, each exercisable for a common share in a period of 12 months for ILS 0.5. Three buyers cancelled the acquisition of 2.49% stake in Y.Z. Queenco Ltd. (TASE:QNCO) from Queenco Holdings Ltd. and Shahar Hamillennium (1991) Ltd. on November 19, 2016.