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Pop Mart stake tops 7% as Duan Yongping adds shares
Duan Yongping increased his stake in Hong Kong-listed Pop Mart on July 6, lifting holdings from 6.9% to 7.7% and adding about 102 million shares, according to an exchange filing.
Chinese-American billionaire investor Duan Yongping increased his stake in Hong Kong-listed toy company Pop Mart for a third time, reinforcing a long-term bet on the firm’s IP portfolio built around products including the Labubu doll, South China Morning Post reports.
According to a Hong Kong Exchanges and Clearing filing cited by SCMP Economy, Duan, 65, added shares on July 6 through his wholly owned company H&H International Investment.
The filing showed his stake rose from 6.85% to 7.65%, equivalent to 102 million shares.
The latest purchase comes as some investors have questioned whether demand for Pop Mart’s intellectual property, led by Labubu, can be sustained over time.