Y.H.K. Investment Limited Partnership made a tender offer to acquire an additional 25% stake in Equital Ltd. (TASE:EQTL) for approximately ILS 400 million in December 2017. As reported, Y.H.K. Investment Limited Partnership offered to acquire up to 4.09 million Equital shares at a price of ILS 97.7 per share. Y.H.K. Investment Limited Partnership already holds 7.29 million shares, representing 44.5% stake in Equital Ltd. YHK raised ILS 400 million for the acquisition in a private bond issue. Three independent external Directors in JOEL Jerusalem Oil Exploration Ltd. rejected the partial offer to purchase submitted by YHK.