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An announcement from Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) is now available.
Red Star Macalline Group Corporation Ltd. has moved to cancel a portion of its previously repurchased A shares, originally acquired under a 2022 buyback program intended to support employee stock ownership or equity incentive plans. The company had used RMB150 million to RMB300 million of its own or self-raised funds to repurchase shares at no more than RMB11.04 per share, ultimately buying 1,044,800 A shares, equal to 0.0240% of its total share capital.
Following shareholder approvals in late 2025 and early 2026, the board resolved to cancel these repurchased but unused A shares and reduce the registered capital, after completing creditor notification procedures with no claims received. Once the cancellation is processed by the China Securities Depository’s Shanghai branch and related registration changes are completed, Red Star Macalline’s total share capital will decrease from 4,354,732,673 to 4,353,687,873 shares, slightly adjusting the proportion of A and H shares while signaling a modest capital reduction for existing shareholders.
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 the People’s Republic of China and listed in Hong Kong. The group operates in the home improvement and furniture retail sector, focusing on the Chinese market through a mix of self-operated and franchised large-scale home furnishing malls.
Average Trading Volume: 5,214,327
Technical Sentiment Signal: Sell
Current Market Cap: HK$11.13B
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