RS MACALLINE (01528) fell over 3% intraday, hitting HK$1.14—its lowest level since mid-to-late September last year. At press time, the stock was down 3.36% at HK$1.15, with a turnover of HK$43.027 million.

The company disclosed that it received notices from shareholders Taobao Holding and New Retail Fund, which collectively sold 30.616 million H shares via centralized bidding between December 10 and 11, representing 0.7% of the total issued shares.

Following the减持, Hangzhou Haoyue and its affiliates Taobao Holding and New Retail Fund reduced their combined stake from approximately 391 million shares (8.98%) to 319 million shares (7.33%).

RS MACALLINE stated that the change in shareholding does not affect its controlling shareholder or actual controller and will not materially impact corporate governance or operations.