Duan Yongping Increases Stake in Pop Mart to 5.69%, Becoming Second-Largest Shareholder on May 25

According to BlockBeats, investor Duan Yongping increased his stake in Pop Mart on May 25, acquiring 9.8232 million shares at an average price of approximately 150 Hong Kong dollars per share through his investment vehicle H&H International Investment. His shareholding rose to 5.69%, making him the company's second-largest shareholder with a position valued at over 11.7 billion Hong Kong dollars, according to Hong Kong Stock Exchange disclosure filings.

On May 29, semiconductor and optoelectronics stocks declined, with shares in companies including Chipmore, SMIC, and BOE falling 9% or more, while Pop Mart shares surged.