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Red Star Macalline Approves Key Financial Resolution at EGM

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Red Star Macalline Approves Key Financial Resolution at EGM

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Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) has provided an update.

Red Star Macalline Group Corporation Ltd. announced the successful passing of a resolution at its 2025 third extraordinary general meeting. The resolution, which involved the company’s application for borrowings and connected transactions with substantial shareholders, was approved by a significant majority of shareholders. This development is expected to have implications for the company’s financial operations and its strategic positioning within the industry.

More about Red Star Macalline Group Corporation Ltd Class H

Red Star Macalline Group Corporation Ltd. is a sino-foreign joint stock company incorporated in China, operating in the home improvement and furniture retail industry. The company focuses on providing a wide range of home furnishing products and services, catering to the needs of consumers in the People’s Republic of China.

Average Trading Volume: 4,312,585

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$12.18B

See more data about 1528 stock on TipRanks’ Stock Analysis page.

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