Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) has shared an announcement.
Red Star Macalline Group Corporation Ltd has entered into a Loan Framework Agreement with Xiamen C&D, which will provide a revolving facility of up to RMB9.5 billion for three years. This agreement, subject to approval by independent shareholders, will support the company’s operational activities and debt repayment, potentially enhancing its financial stability and market position.
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 home improvement and furniture retail industry. The company focuses on providing a wide range of home furnishing products and services, catering to the needs of consumers seeking quality home improvement solutions.
YTD Price Performance: -33.81%
Technical Sentiment Signal: Strong Buy
Current Market Cap: €1.35B
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