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An update from Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) is now available.
Red Star Macalline has approved a supplemental contract management agreement with Xuzhou RSHFP, under which the group will provide contract management services from 1 January 2026 to 31 August 2027 for a commercial property with a gross floor area of about 130,055 square metres. The arrangement, classified as a continuing connected transaction due to ties with associates of directors Mr. Che and Mr. Xu, will see the related annual caps aggregated with existing contract management deals and remain subject to reporting, annual review and announcement requirements, but exempt from shareholder approval, with the interested directors abstaining from the board vote to address conflict-of-interest concerns.
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 and related services sector, managing large-scale commercial properties and providing brand and contract management services to associated business partners across China.
Average Trading Volume: 5,214,327
Technical Sentiment Signal: Sell
Current Market Cap: HK$11.13B
Learn more about 1528 stock on TipRanks’ Stock Analysis page.