Brainhole Technology (HKG:2203) sold 187,000 shares in Pop Mart (HKG:9992) for HK$10.5 million on Wednesday, according to a Thursday filing with the Hong Kong Exchange.
The average price per share was HK$56.39, the filing said.
Brainhole disposed of the shares in the toy company to reallocate its investments, it said.
Shares in Brainhole surged 26% while Pop Mart shares jumped 3% during Friday's afternoon trading.
Price (HKD): $0.12, Change: $+0.025, Percent Change: +25.25%