Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) just unveiled an update.
Red Star Macalline Group Corporation Ltd. announced its decision to waive several voluntary undertakings related to its real estate operations. This move is aimed at revitalizing the company’s assets and improving capital turnover by allowing pre-sale of project land and properties. The waivers are intended to enhance the company’s long-term operational capabilities without altering its main business focus, ensuring compliance with relevant laws and regulations, and safeguarding the interests of investors.
More about Red Star Macalline Group Corporation Ltd Class H
Red Star Macalline Group Corporation Ltd. is a leading home improvement and furnishings shopping mall operator and pan-home furnishings platform service provider in China. The company primarily engages in offering comprehensive services for merchants, consumers, and partners through the operation and management of portfolio shopping malls, managed shopping malls, and shopping malls operated through franchising and strategic cooperation.
YTD Price Performance: -13.81%
Average Trading Volume: 344
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €1.6B
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