<PAGE>
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.
- --------------------------------------------------------------------------------
(Translation of registrant's name into English)
4 Kaufman Street, Tel-Aviv, 68012, Israel
- --------------------------------------------------------------------------------
(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
------- -------
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
------- -------
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
----------------------------------------
By: Shlomo Heller
Title: Legal Counsel & Corporate
Secretary
Dated: December 28, 1999
<PAGE>
Exhibit Description
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 26, 1999, regarding the sell of all Koor's holdings
in Middle East Tube Company.
<PAGE>
[Koor Letterhead]
EXHIBIT A
26 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
- --------------- Tel Aviv 65202 ---------------
------------------
Fax: 02-6513940 Fax: 03-5105379
- --------------- ---------------
Dear Sirs,
Re: KOOR INDUSTRIES LTD. (COMPANY NO. 52-001414-3)
IMMEDIATE REPORT NO. 46/99
Koor Industries Ltd (Hereinafter: "Koor"), hereby gives notice as follows:
On Thursday evening, December 23, 1999, an agreement was signed between Koor and
Yaacobinsky - Lerrer Contractors for Civilian Engineering Ltd., (a member of the
Gaon Investment Group) and 3I Investment In Industry (Hereinafter: "The
Purchasers"), where Koor will sell all its holdings (approximately 76%) in
Middle East Tube Company to the purchasers for approximately NIS 84 million.
Koor's expected net capital loss from this sale is approximately NIS 5 million.
The transaction is subject to the receipt of certain approvals including the
approval of the Restrictive Trade Practice Controller.
Sincerely yours,
Adv. Shlomo Heller
Legal Counsel and Company Secretary
