Duan Yongping's holdings drop from 7.65% to 5.55%, Pop Mart clarifies: not a voluntary reduction
TechFlow news, August 5, HKEX disclosed an equity change filing: Duan Yongping's long position in Pop Mart held through H&HInternationalInvestment decreased from 7.65% to 5.55% on July 30, a drop of 2.1 percentage points.
Pop Mart stated that the decrease in shareholding percentage this time was not a direct sell-off reduction in the secondary market, but the fulfillment of option contracts, delivering corresponding shares according to trading agreements.
A capital market analyst further explained that Duan Yongping's change in shareholding this time was closely related to the price range set when he previously sold Puts and Calls, "mainly because the price range set was relatively narrow, belonging to short-term trading behavior, not an active reduction as understood by the public". This points to Duan Yongping's signature "option rent collection" strategy, holding underlying stocks while selling options to earn premiums, when the stock price touches the strike price, passively delivering or receiving stocks. (National Business Daily)
