Red Star Macalline terminates employee stock plan

Red Star Macalline Group Corporation has confirmed the full sale of 5,816,200 shares held by its third-phase employee stock ownership plan, representing approximately 0.13% of the company's total share capital.

The plan's management committee sold a total of 9,963,800 shares between May 2023 and September 2024. The plan will officially terminate following completion of asset liquidation and distribution.