Goldstream Investment (HKG:1328) said its subsidiary Redwood sold shares of Marketingforce (HKG:2556) and Shenzhen Xunce Technology (HKG:3317), according to a Hong Kong bourse filing Wednesday.
Redwood disposed of 250,000 Marketingforce shares at an average price of HK$31.591 each, or HK$7.9 million in total.
It further disposed of 215,000 Xunce Technology shares at HK$200.14 apiece, or HK$43 million in total.
The firm expects to recognize a loss of HK$6.1 million on the Marketingforce share sale, and a gain of HK$48.8 million on the Xunce Technology stock disposal.
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