tiprankstipranks

Red Star Macalline Passes Key Resolution at 2025 EGM

Story Highlights

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

Red Star Macalline Group Corporation Ltd announced that the resolution proposed at its 2025 second extraordinary general meeting was passed by a significant majority. The meeting, held in Shanghai, saw a high level of shareholder participation, with over 52% of shares represented. The resolution involved waivers of several voluntary undertakings, indicating a strategic move that could impact the company’s operational flexibility and stakeholder relations.

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 China, operating in the retail and home improvement industry. The company is known for its extensive network of shopping malls and stores that offer a wide range of home furnishing products and services.

YTD Price Performance: -27.62%

Average Trading Volume: 344

Technical Sentiment Signal: Strong Buy

Current Market Cap: €1.49B

Learn more 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