Red Star Macalline Trims Mall Network While Maintaining Broad National Footprint in Q1 2026
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Red Star Macalline Group Corporation Ltd (HK:1528) reported its Q1 2026 operating statistics, revealing a network of 73 portfolio shopping malls, 214 managed malls, and 6 strategic cooperation malls. The company closed several locations, including one portfolio mall in Chengdu and four managed malls in various provinces, indicating a strategic optimization of its mall portfolio in China's home furnishing market. The company's current market cap is HK$10.74B, with a year-to-date price performance of 6.56%.
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