Or City Holdings Ltd (TASE:OR-M) entered into an agreement to acquire remaining 53% stake in Solarpaint Ltd. from Oded Rozenberg, Eran Mimun, Yaron Tadhar, Ido Hadar and others on June 20, 2017. Or City Holdings Ltd will pay the consideration by way of issuing its shares to the shareholders of Solarpaint. Upon completion of the transaction, the shareholders of Solarpaint will hold 46.88% stake in Or City Holdings Ltd on fully diluted basis. The completion of the transaction is subject to approval from Or City Holdings Ltd's shareholders. On August 17, 2017, the merger agreement has been approved in the general meeting of Or City Holdings' shareholders. Moti Dattelkramer and Sagiv Mizrachi of BDO Ziv Haft acted as accpountant to Apollo Power Ltd (TASE:APLP).