C&D Group
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Latest C&D Group News
Jan 9, 2023
1 Shareholder Ma Yifan audio is not supported! 1 Shareholder (Yicai Global) Jan. 9 -- Shares of Red Star Macalline Group skyrocketed after Chinese state-owned supply chain operator Xiamen C&D said it plans to become the Chinese furniture retailer's largest shareholder. Red Star Macalline [HKG: 1528] was trading up 19.1 percent at HKD3.18 (41 US cents) as of today's lunch break. Its Shanghai-listed stock [SHA: 601828] suspended trading today. Xiamen C&D intends to buy a 30 percent stake in Red Star Macalline, but it has not yet held any directors' meeting or signed any equity transfer agreement, the company announced late yesterday. Founded in 2007, Red Star Macalline is China's first furniture retailed listed in the mainland and Hong Kong. It operates nearly 400 furniture shopping malls nationwide and many others overseas. Red Star Macalline has been stuck in a liquidity crisis since the first half of 2021. It needs to pay nearly CNY15 billion (USD2.2 billion) in debts and interests in the next three years, according to credit investment analysis platform Chazhaitong. The company logged CNY10.5 billion in operating revenue and CNY1.3 billion (USD191.5 million) in net profit in the first three quarters last year. It had CNY133.6 billion (USD19.7 billion) worth of assets and CNY76 billion liabilities as of Sept. 30, 2022. Xiamen C&D is a unit of China's C&D Group, but its actual controller is the Xiamen State-Owned Assets Supervision and Administration Commission. C&D's businesses cover supply chain operations, urban construction and operations, tourism and exhibitions, medical care, and investment in emerging industries. C&D's shares [SHA: 600153] fell 10 percent to CNY13.44 (USD1.98) as of today's lunch break. Editors: Shi Yi, Futura Costaglione Follow Yicai Global on RELATED
C&D Group Frequently Asked Questions (FAQ)
Where is C&D Group's headquarters?
C&D Group's headquarters is located at Unit 2 & 3, Copse Farm, South Marston Park, Swindon.
Who are C&D Group's competitors?
Competitors of C&D Group include Phaidon International and 4 more.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
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