Red Star Macalline Group Corporation Ltd Class H (HK:1528) has released an update.
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Red Star Macalline Group Corporation Ltd has announced the extension of their Contract Management Agreements with Yangzhou RSHFP and Jining Hongrui for an additional year, now expiring at the end of 2025. This includes a revision of the annual caps for the years ending in 2024 and 2025, with the board approving updated annual management fees for the shopping malls they operate. The fees were determined after arms-length negotiations, ensuring they remain competitive with prevailing market rates.
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