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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the Month of December, 1999
Koor Industries Ltd.
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(Translation of registrant's name into English)
4 Kaufman Street, Tel-Aviv, 68012, Israel
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
FORM 20-F X FORM 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of 1934.
YES NO X
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_____
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
/s/ Shlomo Heller
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By: Shlomo Heller
Title: General Counsel & Corporate
Secretary
Dated: December 7, 1999
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Exhibit Description
A Translation from Hebrew to English of an Immediate Report (the
"Report"), which was served on the Israeli Securities Authority,
The Tel-Aviv Stock Exchange Ltd. and the Registrar of Companies,
on December 1, 1999, regarding a joint venture with the Israel
Corporation Ltd. which will focus on investment in projects and
high-tech companies in the Internet, telecom and telecom
operators in Israel and abroad.
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[Koor Letterhead]
EXHIBIT A
01 December, 1999
The Securities Authority The Tel Aviv Stock The Registrar of Companies
22 Kanfei Nesharim St. Exchange 97 Yafo St.
Jerusalem 95464 54 Ahad Ha'am St. Jerusalem 91007
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Fax: 02-6513940 Fax: 03-5105379
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Dear Sirs,
Re: KOOR INDUSTRIES LTD. (COMPANY NO. 52-001414-3)
IMMEDIATE REPORT NO. 43/99
Koor Industries Ltd. (Hereinafter: "Koor"), hereby gives notice as follows:
Yesterday evening, the authorized Board of Directors Committee of Koor, decided
to cooperate with the Israel Corporation Ltd., in a joint venture whose
shareholders capital will be up to US$ 100 million, in equal parts. The joint
venture will focus on investments in projects and high - tech companies in the
Internet, telecom and telecom operators in Israel and abroad.
Koor and the Israel Cooperation are conducting negotiations with a suitable
candidate to manage the joint venture. The appointed manager will make use of
the experience and resources of the Koor Group and The Israel Corporation Group.
Sincerely yours,
Adv. Shlomo Heller
Legal Counsel and Company Secretary
