Ham-Let (Israel-Canada) Ltd (TASE:HAML) acquired 70% stake in Rovac Pte. Ltd. from 3 shareholders (sellers) for $0.45 million on October 27, 2017. After completion of the deal, the sellers held 30% of Rovac´s issued share capital. According to the terms of the deal, Ham-Let (Israel-Canada) Ltd has the option to acquire the remaining shares held by the sellers, for a period of 6 months starting on January 1, 2021. Rovac Pte. Ltd. has also been given an option to sell the remaining 30% under the same terms and conditions. The sales volume of Rovac Pte. Ltd. during the past 12 months ended on September 30, 2017 was $2.5 million. Ham-Let (Israel-Canada) Ltd (TASE:HAML) completed the acquisition of 70% stake in Rovac Pte. Ltd. from 3 shareholders on October 27, 2017.