Hong Kong Stocks Movement | RS MACALLINE (01528) Surges Over 14% Intraday as A-Shares Hit Limit Up

Stock News12-09

RS MACALLINE (01528) saw its shares surge more than 14% during the trading session, with its A-shares hitting the daily limit-up. At the time of writing, the stock was up 14.17% to HK$1.36, with a turnover of HK$82.99 million.

Public data shows that RS MACALLINE is a leading operator of home decoration and furniture malls in China, as well as a platform service provider for the broader home furnishing industry. By the end of 2024, the company operated 77 self-owned malls and 257 managed malls with varying degrees of management involvement, along with 7 home furnishing malls through strategic partnerships. Additionally, the company has authorized 33 franchised home furnishing and building materials projects, encompassing a total of 405 stores/industrial streets.

In June 2023, the company welcomed new shareholders, including Xiamen C&D and Lianfa Group, with Xiamen C&D being a state-owned enterprise based in Xiamen.

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