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Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) has issued an update.
Red Star Macalline Group Corporation Ltd announced its operating statistics for the first quarter of 2025, revealing a dynamic shift in its shopping mall operations. The company closed one Portfolio Shopping Mall in Chongqing and opened a new Managed Shopping Mall in Taizhou, Jiangsu Province, while closing 11 other shopping malls across various provinces. These changes reflect the company’s ongoing strategic adjustments in its retail operations, impacting its market presence and stakeholder interests.
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, primarily operating in the retail sector. The company manages a network of shopping malls, including Portfolio Shopping Malls, Managed Shopping Malls, and home furnishing shopping malls through strategic partnerships, focusing on home improvement and furnishing materials.
YTD Price Performance: -33.81%
Technical Sentiment Signal: Strong Buy
Current Market Cap: €1.39B
Learn more about 1528 stock on TipRanks’ Stock Analysis page.
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