China Information Technology Development Limited (SEHK:8178) agreed to acquire Popsible Limited from Ngan Chiu Fai and Shih Mei Ling for HKD11.5 million on June 6, 2024. The consideration consists of 11.5 million common equity of China Information Technology Development Limited to be issued for common equity of Popsible Limited. As part of consideration, an undisclosed value is paid towards common equity of Popsible Limited.

For the period ending December 31, 2023, Popsible Limited reported total revenue of HKD 6.15 million and net income of HKD 1.95 million. As of December 31, 2023, Popsible Limited reported total assets of HKD 1.93 million. The transaction is subject to approval by regulatory board / committee and consummation of due diligence investigation.