Increase your position three times! Duan Yongping further increased his holdings in Bubble Mart (09992), and the shareholding ratio rose to 7.65%

The Zhitong Finance App learned that Duan Yongping once again increased his holdings in Bubble Mart (09992). According to the latest equity disclosure information on the Hong Kong Stock Exchange, H&H International Investment, LLC controlled by Duan Yongping increased its Bubble Mart holdings by 10.59 million shares. The highest market price was HK$150 per share, involving an amount of approximately HK$1,589 billion. After this increase in holdings, the number of shares held by Duan Yongping increased from 91.272,800 shares to 10186.28 million shares, and the shareholding ratio increased from 6.85% to 7.65%. Based on the closing price of HK$150.7 on Friday (July 10), the market value of shares held was about HK$15.351 billion.

It is worth noting that since April, Duan Yongping has been intensively releasing signals to look at Bubble Mart. On April 9, Duan Yongping revealed for the first time in Snowball that he had begun investing in Bubble Mart using the metaphor “My Bubble Mart Insurance Company has officially opened.” On May 7, he claimed on social platforms that he had replaced all of China's Shenhua with holding Bubble Mart, began using real money to actually open positions, and increased his positions several times later.

According to disclosed data, this is the third time that Duan Yongping has taken a position with the world's leading Chinese trendy culture and entertainment group. He increased his holdings by 9.823,200 shares and 4.66 million shares on May 25 and May 28, respectively.

On July 10, Duan Yongping talked about Bubble Mart again on social platforms. He said that Bubble Mart is currently a company with a market capitalization of around HK$200 billion. Last year, it already made a profit of 13 billion yuan. The business model is already working, the corporate culture is very good, and the average annual profit margin for the next 10 to 20 years will probably not be lower than it is now. He also believes that from the perspective of the next 10 years, Maotai is more stable and Bubble Mart has more room to appreciate in value.