Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) has shared an announcement.
Red Star Macalline Group Corporation Ltd has announced a new Contract Management Agreement with Changzhou HFDM, effective from July 1, 2025, to March 31, 2028. This agreement involves providing contract management services for a gross floor area of 40,678.21 square meters in Changzhou, Jiangsu Province, China, with an annual management fee of RMB 0.8 million. The transactions are classified as continuing connected transactions under the Listing Rules, requiring annual review and reporting but exempt from independent shareholder approval due to the percentage ratios involved. Mr. Che, having interests in the transactions, abstained from voting on the board resolution.
More about Red Star Macalline Group Corporation Ltd Class H
Red Star Macalline Group Corporation Ltd is a Sino-foreign joint stock company based in China, primarily engaged in the management and operation of home improvement and furniture malls. The company focuses on providing contract management services, which are integral to its business operations.
Average Trading Volume: 4,116,350
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$12.47B
For an in-depth examination of 1528 stock, go to TipRanks’ Overview page.