Goldstream Investment's (HKG:1328) subsidiary Redwood Elite agreed to subscribe for 780,000 shares of Marketingforce Management (HKG:2556) for HK$46.8 million or HK$60 apiece, a Friday Hong Kong bourse filing said.

Redwood Elite has subscribed for a total of 264,000 Marketingforce shares on the market in the 12 months to the filing date for HK$15.9 million at HK$59.99 apiece.

After the completion of the current subscription, the group will hold 0.41% of the enlarged issued share capital of the Marketingforce.