Goldstream Investment (HKG:1328) said its wholly owned unit, Redwood, acquired a further 1 million shares of Meitu (HKG:1357) for about HK$4.4 million, according to a Friday Hong Kong bourse filing.

Shares of the investment firm fell nearly 4% in morning trade on Monday.

The shares were purchased on-market at about HK$4.445 apiece, the company said.

The acquisition follows earlier purchases of Meitu shares in April totaling 6 million.