Red Star Macalline Shareholders Approve Capital Cut, Governance Changes at 2026 EGM

An announcement from Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) is now available.

Red Star Macalline Group Corporation Ltd. reported that all resolutions proposed at its first extraordinary general meeting of 2026, held in Shanghai on 16 January, were approved by shareholders via poll, with nearly half of the company’s share capital represented. Investors backed ordinary resolutions covering the company’s estimated provisions of financial assistance and the 2026 estimated amount of related-party transactions with financial institutions, the latter with the controlling shareholder Xiamen C&D Inc. and its subsidiaries abstaining in line with related-party rules. Shareholders also passed special resolutions to cancel repurchased A shares and reduce the company’s registered capital, as well as to amend the Articles of Association, moves that fine-tune the capital structure and governance framework and may support capital efficiency and regulatory compliance for the home improvement mall operator.

The most recent analyst rating on (HK:1528) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Red Star Macalline Group Corporation Ltd Class H stock, see the HK:1528 Stock Forecast page.

More about Red Star Macalline Group Corporation Ltd Class H

Red Star Macalline Group Corporation Ltd. is a PRC-incorporated, Sino-foreign joint stock company listed in Hong Kong that operates in the home improvement and furniture retail and mall operation sector. The group focuses on operating large-scale home furnishing shopping malls across China, serving both retail consumers and furniture and home décor brands, and it raises capital through both A shares and H shares listed on domestic and offshore exchanges.

Average Trading Volume: 16,080,743

Technical Sentiment Signal: Sell

Current Market Cap: HK$12.64B

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