HK Stock Market Move | Red Star Macalline Group Corporation (01528) falls by over 15%. Red Star Macalline Group Corporation's price-to-book ratio is only 0.33. The company previously announced an asset support plan.

Red Star Macalline Group Corporation (01528) soared 55% at one point during yesterday's trading session, closing the day with a 34% increase. The stock fell more than 15% today, dropping 15% to 2.04 Hong Kong dollars as of the time of writing, with a trading volume of 1.09 billion Hong Kong dollars. On the news front, the China Securities Regulatory Commission recently released guidelines on market value management. China Securities Co., Ltd. pointed out that the release and implementation of the market value management guidelines will have a positive impact on listed companies in the architecture and decoration industry that have been trading at a discount for a long time. The introduction of market value management guidelines will guide companies to enhance their own value through share repurchases, capital operations, dividends, and other methods, leading to a return to a price-to-book ratio of 1X PB. Data shows that the price-to-book ratio of Red Star Macalline Group Corporation's A-shares is only 0.33. Furthermore, on the evening of November 8th, Red Star Macalline Group Corporation announced its intention to use its Beijing ZhiZun MALL property assets and the Red Star Macalline Group Corporation home improvement and lifestyle shopping center in Yantai, Shandong Province as underlying assets. They plan to raise funds from qualified investors and establish an asset support plan, with an issuance size not exceeding 2.75 billion yuan and a term not exceeding 18 years. Public data shows that both underlying assets have been operating at a loss since last year.