Cielo Blu shareholders have approved a takeover by Yitzhak Tshuva and David Zvida, who will hold a 47% stake in the real estate company in exchange for a NIS 110 million injection. The company, formerly known as Hanan Mor, deals in construction of residential and income-producing real estate. Tshuva and Zvida expressed gratitude for the shareholders' vote of confidence and believe in the company's potential. After completing a debt settlement, Cielo Blu reported a significant net profit in the third quarter and now has positive shareholders' equity of NIS 231 million.
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