Goldstream Investment Acquires 3 Million Meitu Shares for Approximately HK$13.15 Million

Stock News04-01 23:04

Goldstream Investment (01328) announced that on April 1, 2026, its wholly-owned subsidiary, Redwood, purchased 3 million shares of MEITU (01357) on the Stock Exchange of Hong Kong. The total consideration for the transaction was approximately HK$13.15 million, excluding transaction costs, representing an average price of about HK$4.382 per share. The company noted that MEITU is a recognized leader in AI-powered beauty enhancement solutions and a pioneer in subscription-based products utilizing AI-generated content technology. As a result, Goldstream expressed optimism regarding MEITU's financial performance and future prospects, stating that the acquisition aligns with the group's investment criteria and serves the overall interests of the company and its shareholders. Furthermore, under the MEITU strategic cooperation agreement, Goldstream expects to continue strengthening its relationship with MEITU through various means, including but not limited to direct investment. Substantial progress has already been made regarding the strategic collaboration outlined in the agreement between the two companies.

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