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Duan Yongping Raises Pop Mart Stake to 7.65 Percent as New Labubu Series Trades Below Retail
Chinese-American investor Duan Yongping increased his holding in the Hong Kong-listed toy company on July 6. The stake rose to 7.65 percent, or 102 million shares, via his firm H&H International Investment.
Jul 13, 3:06 AM·1m read1 source
South China Morning PostAudio version
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Chinese-American billionaire investor Duan Yongping raised his stake in Hong Kong-listed Pop Mart to 7.65 percent on July 6 through his wholly owned company H&H International Investment, South China Morning Post reported. A filing with Hong Kong Exchanges and Clearing showed the increase from 6.85 percent, equivalent to 102 million shares. This marks the third time Duan has added to the position.
The purchase followed the late June launch of Pop Mart’s Labubu Hair Salon series. Multiple variants of the new line traded below official retail prices immediately after release. Duan is 65 years old.
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