Foreign media reports that pop mart (09992.HK)'s two major shareholders, GWF Holding and Pop Mart Hehuo, are selling 21.7 million shares through morgan stanley, with a sale price of HK$71.68 to HK$73.20 per share, a discount of 3.5% to 5.5% compared to the closing price on October 24th. If the trade is completed, they can cash out approximately HK$1.555 to HK$1.588 billion.

GWF Holding currently holds 42.59% of pop mart's shares, while Pop Mart Hehuo holds 5.43% of the shares.

In the 2024 interim report of pop mart, GWF Holding is fully owned by Mr. Wang Ning's trust, while Pop Mart Hehuo is 41.99% owned by Mr. Wang Ning.