HK$2.2B Stock Sale: A Major Red Flag For Pop Mart?
Pop Mart Shares Dumped by Founding Shareholder at Highs — Involving Around HK$2.2 Billion.
The major shareholder offloaded approximately 11.91 million shares through multiple block trades, accounting for about 0.9% of Pop Mart’s total share capital. On May 7, Pop Mart closed down 5.43% at HK$184.5.
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Is this a sell signal from the major shareholder? Has Pop Mart peaked? Would you continue to hold?