Goldstream Investment realises HK$98.48 million pre-tax gain from complete divestment of Xunce stake

Bulletin Express04-01 23:05

Goldstream Investment Limited (Goldstream Investment) has completed a series of open-market disposals of Shenzhen Xunce Technology Co., Ltd. (Xunce) shares through its wholly-owned subsidiary Redwood Elite Limited, generating aggregate cash proceeds of HK$144.79 million (before transaction costs).

The latest transaction on 1 April 2026 involved the sale of 300,000 Xunce shares for HK$64.10 million, or HK$213.67 per share. Including previous trades executed within the preceding 12 months, the Group has divested a total of 829,200 Xunce shares, equivalent to approximately 0.26% of Xunce’s issued share capital.

Goldstream Investment’s carrying cost for the entire parcel was HK$46.31 million, resulting in an expected pre-tax gain of HK$98.48 million, subject to audit. Net proceeds will be allocated to general working-capital purposes.

The disposals form part of Goldstream Investment’s active portfolio-management strategy. Following the transactions, the Group no longer holds any equity in Xunce. Under Hong Kong Listing Rules, the aggregated disposals constitute a discloseable transaction as the highest applicable percentage ratio exceeds 5% but is below 25%.

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