HK Stock Market Move | Red Star Macalline Group Corporation (01528) rose more than 14% during the day, and its A shares closed at the daily limit up.

Red Star Macalline Group Corporation (01528) surged by over 14%, with its A-shares hitting the daily limit. As of the time of writing, the stock was up by 14.17% to 1.36 Hong Kong dollars, with a trading volume of 82.9935 million Hong Kong dollars. Public information shows that Red Star Macalline Group Corporation is a leading domestic operator of home decoration and furniture malls, as well as a comprehensive home business platform service provider. By the end of 2024, the company operated 77 self-operated malls, 257 commissioned malls with different management depths, and 7 home malls through strategic cooperation. In addition, the company has authorized 33 franchised home building material projects, totaling 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.