Red Star Macalline Expands Connected Contract Management Deal With Xuzhou RSHFP
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Red Star Macalline Group Corporation Ltd has approved a supplemental contract management agreement with Xuzhou RSHFP, effective from January 1, 2026, to August 31, 2027, for a commercial property of approximately 130,055 square meters. This continuing connected transaction involves related annual caps and is exempt from shareholder approval, with interested directors abstaining from the vote due to conflict-of-interest concerns. Red Star Macalline operates in the home improvement and furniture retail sector in China and is listed in Hong Kong.
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