tiprankstipranks
Trending News
More News >

Red Star Macalline Executive Under Investigation, Operations Remain Stable

Story Highlights

Confident Investing Starts Here:

An update from Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) is now available.

Red Star Macalline Group Corporation Ltd. has announced that its executive director and general manager, Mr. CHE Jianxing, is under official investigation and has been detained by the Yunnan Provincial Supervisory Committee. Despite this development, the company’s operations remain stable, with Mr. Li Yupeng assuming the role of general manager to ensure continuity. The company has not received any formal notices or requests for assistance related to the investigation and assures stakeholders that its daily business activities will not be significantly impacted.

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 retail industry. It is listed on the Hong Kong Stock Exchange and is involved in the management of home improvement and furniture malls.

Average Trading Volume: 5,563,747

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$12.53B

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App