Red Star Macalline Group Corporation Ltd.
Red Star Macalline Group Corporation Ltd. (HKSE: 1528) is trading at HK$1.03, about ₹13 at today's HKD/INR rate, as of 25 Sep 2026, 4:08 AM ET, down 3.76% today. Indian residents can buy Red Star Macalline Group from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$1.03
Today's high
HK$1.03
52 week low
HK$0.94
52 week high
HK$1.58
1528 opened at HK$1.03, closed previously at HK$1.07, and has traded between HK$0.94 and HK$1.58 over the past 52 weeks.
About
Red Star Macalline Group Corporation Ltd. is primarily involved in operating and managing shopping malls focused on home improvement and furnishing across Mainland China. The company's operations are structured into five distinct segments: directly owned or leased portfolio shopping malls, managed shopping malls, construction and design services, home decoration and merchandise sales, and other related ventures. By the close of 2021, its extensive network comprised 95 owned/leased malls and 278 managed shopping centers. Complementing these, it had established 10 home furnishing shopping malls through strategic cooperation and maintained 485 specialized stores or industry streets for home improvement materials. Beyond its core mall activities, the company provides diverse services. These include leasing retail space to tenants, selling home furnishing products, and offering associated decorating services. Its broader offerings also span home decoration and design solutions, along with internet retail. Furthermore, Red Star Macalline provides a range of business support services such as site leasing management, warehouse logistics, industrial investment, exhibition organization, advertising, accounts receivable financing, and enterprise management and consultancy. The company also extends into network technology, loan provision, import and export, engineering design, supply chain and brand management, cultural and artistic exchange, and information science and technology development, alongside its e-commerce operations. Established in 1992, the company is headquartered in Shanghai, People's Republic of China. It adopted its current name, Red Star Macalline Group Corporation Ltd., in 2011, having previously been known as Shanghai Red Star Macalline Home Living and Decorating Company Limited. Red Star Macalline Group Corporation Ltd. operates as a subsidiary of Red Star Macalline Holding Group Company Limited.
Key statistics
Avg. volume
3.22M
Market cap
HK$8.80B
P/E Ratio
-0.43
Price-to-sales ratio
1.23
Enterprise value
CN¥49.64B
Free cash flow yield
16.20%
Debt-to-equity ratio
2.02
Return on equity
-78.55%
ROIC
-1.86%
Beta
1.16
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
CN¥6.37B
Earnings per share
-CN¥5.31
Free cash flow
CN¥581.24M
Net profit margin
-343.04%
Gross margin
57.68%
EBITDA
-CN¥24.68B
Revenue growth
-18.51%
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This is not an investment recommendation
How to buy Red Star Macalline Group from India
Indian residents can buy Red Star Macalline Group shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for Red Star Macalline Group and place an order
Find Red Star Macalline Group by name or by its ticker, 1528, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Red Star Macalline Group trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Red Star Macalline Group position in HKD and INR. Red Star Macalline Group pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Red Star Macalline Group from India
Trading and taxes when buying Red Star Macalline Group from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneRed Star Macalline Group does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Red Star Macalline Group stock?
Yes. Red Star Macalline Group (1528) has been listed on the Hong Kong Stock Exchange since 2015, in the Real Estate - Development industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Red Star Macalline Group share cost in rupees?
One Red Star Macalline Group share is HK$1.03 — about ₹13 at an HKD/INR rate of 12.23 on 25 Sep 2026. Both the Red Star Macalline Group price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Red Star Macalline Group from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Red Star Macalline Group?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Red Star Macalline Group shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Red Star Macalline Group price. Paasa issues a capital-gains statement for your return.
Does Red Star Macalline Group pay a dividend?
No. Red Star Macalline Group does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Red Star Macalline Group from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is Red Star Macalline Group a Hong Kong SAR China company, and does that change how it is taxed?
Red Star Macalline Group trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. Red Star Macalline Group trades as an ordinary share listed directly in Hong Kong, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Red Star Macalline Group shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Red Star Macalline Group holding, its cost and its closing value.
How do I sell Red Star Macalline Group and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.