Goldstream Investment Limited (Goldstream) has disclosed two rounds of on-market disposals that together generated HK$137.23 million in cash proceeds and a combined pre-tax gain of HK$42.67 million.
Marketingforce disposal • Between early April 2025 and 31 March 2026, Goldstream’s wholly owned subsidiary, Redwood Elite Limited, sold 1.04 million Marketingforce shares for HK$56.55 million, or an average HK$54.17 per share. • The investment had cost HK$62.66 million, resulting in an estimated pre-tax loss of HK$6.11 million. • The divested stake represents approximately 0.41 % of Marketingforce’s outstanding shares, leaving Goldstream with no remaining position.
Xunce disposal • Over the same 12-month period, including 215,000 shares off-loaded on 31 March 2026 at HK$200.14 each, Goldstream disposed of a total of 0.53 million Xunce shares for HK$80.69 million. • With a cost base of HK$31.91 million, the transactions are expected to deliver a pre-tax gain of HK$48.78 million. • The shares sold account for about 0.16 % of Xunce’s issued share capital; Goldstream retains an undisclosed residual holding.
Financial impact and use of proceeds Net proceeds of HK$56.55 million from Marketingforce and HK$80.69 million from Xunce will be earmarked for general working-capital purposes. The actual gain or loss will be confirmed upon audit.
Regulatory classification Each disposal triggers a discloseable transaction under Hong Kong’s Listing Rules, as the highest applicable percentage ratio for both series of sales exceeds 5 % but remains below 25 %.
Rationale Management stated that the disposals form part of Goldstream’s ongoing portfolio rebalancing strategy, enabling capital reallocation while maintaining a constructive long-term view on both Marketingforce and Xunce.
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