The company said Ying agreed to place 50 million shares, or a 4.2 per cent stake, with independent shareholders at HK$23.94 (US$3.10) each, in a move that will see his holding fall to 33.84 per cent from 38.04 per cent.
In May, Ying sold a 3.6 per cent stake, or 42.5 million shares, at HK$14.70 each.
The company last month posted a 28 per cent year-on-year jump in annual net profit to HK$1.19 billion as sales climbed by more than a third to HK$12bn from the same period of the prior year.
It also announced plans to spend HK$100 million on a new global business base in Ratingen, Germany, as well as HK$400m on a major store opening program in Europe and HK$90m on IT improvements.