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Red Star Macalline Reports 2024 Operational Adjustments in Shopping Malls

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Red Star Macalline Reports 2024 Operational Adjustments in Shopping Malls

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

In its 2024 operating statistics announcement, Red Star Macalline Group Corporation Ltd. reported changes in its shopping mall operations, including the opening of new malls and the closure or transfer of others. The company opened one new Portfolio Shopping Mall in Chengdu and two Managed Shopping Malls, while closing six Portfolio Shopping Malls and 21 Managed Shopping Malls. Additionally, some malls were transferred between different operational categories, reflecting strategic adjustments in its retail operations.

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, and is involved in franchising home improvement material projects.

YTD Price Performance: -21.43%

Average Trading Volume: 344

Technical Sentiment Signal: Strong Buy

Current Market Cap: €1.55B

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

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