Goldstream Investment Closes Three Acquisitions Worth $38 Million, Shares Up 4%

MT Newswires Live

01-08

Goldstream Investment (HKG:1328) concluded its acquisition of shares in Feasible Result Investment, United Strength Fortune, and TechStar Acquisition (HKG:7855) for $38 million.

The group acquired a 30% stake in Feasible Result Investment for $26 million, 32% of United Strength Fortune for $5 million, and 5.1 million shares plus warrants in TechStar for $6.9 million.

Feasible Result owns LiFung Plaza, an office building in Shanghai; United Strength has shares in Suzhou Advaccine Biotechnology; and TechStar is a blank check firm listed in Hong Kong.

All the target shares were purchased from Hony Capital Group, according to a Tuesday filing with the Hong Kong Exchange.

Shares of the investment manager were up nearly 4% in Wednesday's afternoon trade.

Price (HKD): $0.05, Change: $+0.0020, Percent Change: +3.85%

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