Hong Kong Stock Exchange disclosures show Duan Yongping, through H&H International Investment, raised his Pop Mart stake from 4.96% to 5.69%, triggering mandatory disclosure as shares rose and the holding was valued above HK$11.7 billion.
Pop Mart shares rose more than 8% intraday after gaining nearly 5% in the previous session as Hong Kong Stock Exchange disclosures showed Duan Yongping, through H&H International Investment, increased his stake in the toymaker from 4.96% to 5.69%. The move crossed a reporting threshold under HKEX rules, making him a major shareholder and triggering mandatory disclosure. The disclosed holding was valued at more than HK$11.7 billion. Earlier, Duan had said he swapped all of his China Shenhua coal shares for Pop Mart, though the filings did not specify the number of additional shares purchased, the purchase price, or the total transaction value.