HK Movers | Pop Mart Rises over 3%. Duan Yongping Raises Stake to 7.65% as Third Major Addition This Year

Market Focus07-13

On July 13, Pop Mart rose 3.38% in regular trading, trading at 155.8 HKD/share, with turnover of HKD 391 million.

On the news front, Hong Kong Exchange filings revealed that renowned investor Duan Yongping purchased an additional 10.59 million shares of Pop Mart on July 6 at an average price of HKD 150 per share, deploying approximately HKD 1.589 billion. His total holding increased from 91.27 million shares to 102 million shares, with his stake rising from 6.85% to 7.65%. This marks his third significant addition since initiating his position in May.

Based on current market prices, Duan Yongping's total position is valued at approximately HKD 15.35 billion, making him the second-largest shareholder behind founder Wang Ning. Notably, Duan publicly stated that from a ten-year perspective, Pop Mart offers greater appreciation potential than Kweichow Moutai, citing the company's proven business model with RMB 13 billion in profits last year and strong corporate culture.

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