Modern Australian
The Times Real Estate

.

Acquisition of Three High-Quality Assets Drive Diversified Business Development for Goldstream Investment

HONG KONG SAR - Media OutReach Newswire - 24 October 2024 - Goldstream Investment Limited (Stock Code: 01328.HK) announced that the resolutions were unanimously passed at the extraordinary general meeting held on 21 October, 2024, for the signing of three agreements, including Feasible Result agreement, USFL agreement and TechStar agreement, the Company will acquire three high-quality assets of Hony Capital Group Limited with a total consideration of approximately US$38 million.



This acquisition will not only provide stable cash flow support for the long-term development of Goldstream Investment Limited but also signifies the strategic upgrade, driving the diversification of business development and is expected to create greater value for shareholders, among these:

  • Goldstream Investment Limited acquires a 30% equity interest of Feasible Result for US$26 million, and Feasible Result indirectly owns 100% equity interest in Shanghai Li Fung, which is in turn the registered owner of LiFung Plaza. LiFung Plaza's positioning aligns fully with Shanghai's plan to build a "3+6" new industrial system. It has transformed into a vibrant community centered around the AI and fashion industries, drawing in a cluster of technology and new economy companies to settle in. It is expected to bring in the property rental income and long-term enhancement of value in the future;
  • The Company indirectly acquires a 32% equity interest of USFL for US$5 million. The sole assets of USFL will be 908,000 Advaccine Shares, with no liabilities. As a Company listed on the NEEQ, Advaccine is a leading biotechnology enterprise incorporated in China. Its RSV vaccine is one of the fastest-developing products in China and is expected to generate stable revenue after commercialisation;
  • The Company acquires TechStar for a total consideration of US$6.877 million for shares for sale and warrants for sale. TechStar is a Special Purpose Acquisition Company (SPAC) listed in the Stock Exchange of Hong Kong focusing on the acquisition of high-growth companies in the "new economy" sector in China. Upon successful completion of any special purpose acquisition company mergers and acquisitions transactions, it will provide the Company with potential equity value growth.

This year, Goldstream Investment Limited has embarked on a high-speed development mode. At the beginning of the year, Mr. Gao Ziqi was appointed as the Executive Director and Chief Executive Officer of Goldstream Investment, bringing new vitality into the Company's development. On the basis of the existing fund management business, the Company has newly opened up new modules such as corporate services, financial investments, and strategic investments, promoting the Company's strategic upgrade and diversification of business development. Goldstream Investment Limited has successively established strategic cooperation with Meitu, Inc., iDreamSky Technology Holdings Limited and SenseTime Group Limited. In the future, the Company will continue to explore strategic cooperation with other companies to identify opportunities for synergies and mutual development.

While upgrading its strategy, Goldstream Investment Limited is also committed to enhancing its risk management capabilities and improving its operational efficiency to ensure sustainable growth and profitability. Despite of the market volatility experienced in the global financial markets in the first half of 2024, Goldstream Investment Limited has shown strong resilience and growth potential in the face of market challenges. The Company's investment management (IM) services income increased by 34.3% compared with the Last Corresponding Period, and its strategic direct investments (SDI) business also recorded a significant increase of 91.9% compared with the Last Corresponding Period. The profit before income tax increased significantly by 36.1%.

Management stated that the Company remains positive about the market in 2024 and expects the SDI and IM businesses will continue to grow momentum in the remaining part of 2024. The Company will be well-positioned to take advantage of the economy recovery in China and is confident about the future. The above-mentioned major acquisitions are beneficial for improving the Company's fundamentals and market value. Furthermore, it is not ruled out that Hony Capital Group Limited will further add high-quality assets on favorable terms in the future.
Hashtag: #GoldstreamInvestment

The issuer is solely responsible for the content of this announcement.

Slowing Down in Nature: My Experience on Orchid Classic Cruise in Lan Ha Bay

Why Orchid Classic is a Top Choice for Lan Ha Bay Lan Ha Bay, a hidden gem adjacent to the more famous Ha Long Bay, offers travelers a quieter and ...

Your Next Travel Essential? Why Aussies Love Lightweight Electric Wheelchairs

Planning for a trip or just getting around town? A lightweight electric wheelchair could be your perfect travel mate. Whether it’s a stroll throug...

Australian Study Woes – What is a Confirmation of Enrolment?

Recent changes to Australian study visas are altering the landscape for international students who want to learn and work on our shores.  To secur...

Metal lockers vs. wooden lockers: which is better?

Lockers—the ultimate background hero of the workplace. They might not have the flashiness of that overpriced espresso machine in the break room, b...

Invisalign Treatment: What Your Dentist Wants You to Know

When straightening the teeth, out-of-date metal braces are no longer the only option. Nowadays, Invisalign is among the most highly sought-after alt...

The Best Nail Art for Short Nails

Short nails often get overlooked in the world of nail art, but they’re actually the perfect canvas for stylish, sophisticated designs. Whether you...

How Much Does a Skip Bin Cost? Skip Bin Prices, Sizes & What Influences the Price

Regardless of whether you're renovating a house. You are tidying up your backyard, or running a construction site. Chances are you'll require a skip...

Panoramic Elevators: Combining Functionality with Aesthetic Appeal

In the evolving world of building design, the demand for architectural features that are both practical and visually striking continues to rise. One...

No Dig, No Drama: Sydney Pipe Relining Explained

You know that feeling when water starts pooling where it shouldn't? Or received a quote for pipe repairs that made your eyes water? Let's chat about...

The SEO Benefits of AI-Optimized Landing Pages: Smarter Metadata, Faster Load Times

Landing pages are integral to the conversion funnel in digital marketing. Yet, when SEO works well to drive traffic to the landing page, it's just a...

How to Reduce Turbo Lag with an Upgraded Mazda BT-50 Exhaust System

Are you struggling with turbo lag affecting your driving experience?  Did you know upgrading your Mazda BT-50 exhaust system could be the key to u...

How to Segment Email Lists Based on Content Engagement (Not Just Demographics)

Email segmentation generally refers to age, location, gender demographic, and conventional elements. While this could be helpful information, it doe...

6 Qualities to Look for in Local Caravan Dealers

If you're searching for reliable caravan dealers in Campbellfield, it's essential to choose a dealer that offers quality products, excellent custome...

How to Repair a Faema Coffee Machine: A Practical Guide for Coffee Lovers

Introduction If you’re the proud owner of a Faema coffee machine, you already know that it’s more than just a kitchen appliance — it’s a vi...

Smart Health Decisions in Your 30s, 40s, and 50s: The Ultimate Prevention Guide

Making informed health decisions becomes increasingly important as we navigate through different life stages. What may have seemed unimportant in our ...

Sydney’s Electricians Helping Cut Business Costs

Running a business in Sydney isn’t cheap. Between rent, wages, equipment, insurance, and endless operational costs, it’s no wonder business owne...

Can Air Conditioning Help with Allergies and Asthma?

Living with allergies or asthma can make everyday environments feel challenging—especially during certain seasons or in homes where dust, pollen, ...

A Fast Charging Power Bank and Wireless Power Bank: The Future of Power Bank Technology

As the use of mobile devices grows, so does the demand for better, more efficient, faster, and more imaginative methods to power them. Previously re...