Apolo Gold & Energy Inc. (OTCPK:APLL) entered into an agreement to acquire 24% stake in Jiangxi Everenergy New Material Co., Ltd. from Tang Wenbo for $3.2 million on December 20, 2013. Under the terms of the deal, $1 million is paid in cash and 8 million shares of Apolo Gold & Energy will be issued. Jiangxi Everenergy New Material Co., Ltd. recorded total asset value of $17 million in 2012.