Jin Rong Jie·2025-07-31 05:11Core Viewpoint - Red Star Macalline (01528) experienced a decline of over 3% in its stock price, attributed to a share reduction plan announced by its major shareholder, Hangzhou Haoyue, which intends to sell up to 130,641,979 shares, representing 3% of the total share capital [1]. Group 1: Shareholder Actions - Hangzhou Haoyue, a significant shareholder holding over 5% of Red Star Macalline's shares, plans to reduce its stake through both centralized bidding and block trading methods [1]. - The share reduction plan is scheduled to take place from September 1, 2025, to November 30, 2025, with a maximum of 43,547,326 shares (1% of total share capital) to be sold via centralized bidding and 87,094,653 shares (2% of total share capital) through block trading [1]. Group 2: Financial Implications - The total cash amount expected from this share reduction, based on the closing price of HKD 3.11 per share on July 25, is approximately HKD 400 million [1]. - Collectively, Hangzhou Haoyue, along with Taobao Holdings and New Retail Fund, holds a total of 405 million shares, accounting for 9.31% of Red Star Macalline's total share capital [1].