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Red Star Macalline Expands Shopping Mall Operations by End of 2024
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Red Star Macalline Expands Shopping Mall Operations by End of 2024

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

As of December 31, 2024, Red Star Macalline Group Corporation Ltd. operated 77 portfolio shopping malls, 257 managed shopping malls, and 7 home furnishing shopping malls through strategic cooperation. Additionally, the company authorized 33 franchised home improvement material projects, incorporating a total of 405 home improvement material stores. This expansion reflects the company’s strategic growth in the retail sector, enhancing its market presence and influence. The announcement, however, is unaudited, and investors are advised to approach the information with caution.

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 the People’s Republic of China. It operates in the retail industry, specializing in the development and management of shopping malls, including portfolio shopping malls, managed shopping malls, and home furnishing malls through strategic cooperation. The company also franchises home improvement material projects, contributing to a diverse market presence.

YTD Price Performance: -8.57%

Average Trading Volume: 344

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €1.62B

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

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