Goldstream Investment (1328) announced that its wholly owned subsidiary, Redwood, acquired 56,900 shares of Shenzhen Xunce Technology (3317) through on-market transactions on February 11, 2026, for approximately HK$3.87 million (excluding costs). Adding to previous purchases over the past 12 months, Redwood’s total acquisition of 771,900 Xunce shares amounts to roughly HK$42.42 million in aggregate consideration. This represents about 0.24% of Xunce’s total issued shares.
Goldstream Investment stated that Redwood’s purchases were funded through internal resources and determined with reference to prevailing market prices. According to information in the announcement, Xunce provides real-time data infrastructure and analytics solutions in China. Based on the announcement, the highest applicable percentage ratio for this acquisition, when aggregated with the earlier transaction, surpasses 5% but remains below 25%, constituting a discloseable transaction under Chapter 14 of the Listing Rules.
The announcement also contains Xunce’s financial figures as of December 2024 and the first half of 2025, indicating revenue of RMB631.98 million for 2024 and RMB197.85 million for the first six months of 2025, alongside net assets of RMB1,543.5 million as of June 30, 2025. Goldstream Investment noted that Xunce aligns with its investment criteria and that it plans to further strengthen ties through potential future strategic collaborations.