Red Star Macalline Group (HKG:1528) recorded a contract rent and management fee from the owned portfolio shopping malls of 528.8 million yuan in June, 0.56% lower than the 531.8 million from May, a Friday filing with the Hong Kong Exchange said.
The company attributed the decrease to a short-term phased decline in occupancy rates due to ongoing negotiations with some of the merchants and the addition of new categories to the mall.
The company's shares were down over 3% on Monday's close.
Price (HKD): $1.36, Change: $-0.05, Percent Change: -3.55%
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