Giá trị cổ phiếu của Popping Mart Holdings do Duan Yongping nắm giữ giảm do các quyền chọn mua được thực hiện

The Huoxing Finance report states that on August 5, earlier today, the Hong Kong Stock Exchange disclosed that H&H International Investment, managed by Duan Yongping, reduced its long position in Pop Mart International Group Limited from 7.65% to 5.55% as of July 30, 2026. According to a detailed interpretation of the HKEX announcement, this reduction resulted from the exercise of sold call options. Duan Yongping holds the underlying shares of Pop Mart through H&H International Investment while simultaneously selling call options to collect premiums. On July 30, upon the exercise of a portion of these calls, Duan was obligated to deliver shares at the agreed price, leading to a reduction in his physical shareholding, which caused the disclosed long position to drop from 7.65% to 5.55%. The exercise of these calls occurred at an approximate settlement price of HK$162.50, resulting in a net reduction of about 8.9328 million physical shares. This reduction was further compounded by the expiration or conversion of other option positions, collectively causing the decline in the disclosed total long position. Duan Yongping is known for using option-selling strategies to enhance returns or accumulate positions, having employed similar tactics with stocks such as Apple. He previously stated publicly: “I’ve just started buying Pop Mart; I most likely won’t sell within the next 10 years.” This reduction in percentage is primarily due to passive dilution from option settlement rather than active selling in the market. The actual reduction in physical holdings is not as significant as the disclosed percentage suggests, as the reported long position includes the impact of derivative positions.