APOC Holdings Limited entered into a sale and purchase agreement to acquire the entire issued share capital of Powerwell Pacific Limited from China Trustful Group Limited (SEHK:8265) for HKD 7.8 million on May 18, 2018. For the year ended December 31, 2017, Powerwell Pacific generated losses before and after taxation of HKD 7.144 million. China Trustful Group intends to use the proceeds from the sale as general working capital and to capitalize on other business opportunities identified by China Trustful Group. APOC Holdings Limited completed the acquisition of the entire issued share capital of Powerwell Pacific Limited from China Trustful Group Limited (SEHK:8265) for HKD 7.8 million on May 18, 2018.