HK Stock Market Move | Red Star Macalline Group Corporation (01528) rose more than 9%, with its A shares trading at the daily limit up, bringing good news to the retail industry in recent period.

Red Star Macalline Group Corporation (01528) rose by more than 9%, with its A-shares hitting the ceiling. As of the time of writing, it rose by 9.48% to 1.27 Hong Kong dollars, with a turnover of 75.1848 million Hong Kong dollars. Public information shows that Red Star Macalline Group Corporation is a leading domestic home decoration and furniture mall operator and a comprehensive home service provider. As of the end of 2024, the company operates 77 self-operated malls, 257 malls under different management depths, and operates 7 home furnishings malls through strategic cooperation. In addition, the company has authorized 33 franchise home building material projects, including a total of 405 home building material stores/industrial streets. In June 2023, the company introduced new shareholders Xiamen C&D Inc. and Lianfa Group. Xiamen C&D Inc. is a local state-owned enterprise in Xiamen. The Ministry of Commerce recently set a positive tone for the retail industry. Red Star Macalline Group Corporation had previously stated in its investor relations activity record that the company is vigorously promoting the 3+ Star ecosystem and other strategic plans, actively adjusting the category layout of malls, expanding into various formats such as home appliances, home decoration, new energy vehicles, and catering, in addition to home categories. In the future, the company will focus on rejuvenation transformation, introducing a more diverse format combination, including second-dimensional themed home galleries, trendy design zones, solo youth living solutions centers, and pet-friendly home experience areas, among other innovative formats.