Red Star Macalline: Court approves RSM Holding restructuring

Red Star Macalline Group Corporation Ltd. (HKEX:1528) announced that the Pudong New Area People's Court of Shanghai has approved the draft restructuring plan for RSM Holding, its second-largest shareholder. The court ruling, issued on June 10, 2025, ceases the reorganization procedure of RSM Holding. As part of the restructuring, 155,493,495 A shares of Red Star Macalline held by RSM Holding will be distributed to ordinary creditors for debt settlement, reducing RSM Holding’s stake from 980,325,353 shares to 824,831,858 shares, and the combined holdings of RSM Holding and its concert parties from 1,023,955,993 to 868,462,498. The company stated that this restructuring will not result in a change of controlling shareholder, and that Red Star Macalline and RSM Holding will remain independent. Red Star Macalline will continue to monitor the matter and fulfill its disclosure obligations.