Red Star Macalline Cancels Repurchased A Shares, Trims Registered Capital
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Red Star Macalline Group Corporation Ltd. has announced the cancellation of a portion of its previously repurchased A shares, originally acquired under a 2022 buyback program. The company repurchased 1,044,800 A shares, amounting to 0.0240% of its total share capital, using RMB150 million to RMB300 million. Following shareholder approvals, the board resolved to cancel these unused shares, reducing the registered capital from 4,354,732,673 to 4,353,687,873 shares. This move slightly adjusts the proportion of A and H shares and indicates a modest capital reduction for existing shareholders.
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