JACKSONVILLE, Fla. — A Beijing-based investor has taken a 5.45% stake in Winn-Dixie Stores here, according to recent filings.
Zhengxu He reported the acquisition of 3 million Winn-Dixie shares for himself and a fund known as the He & Fang 2005 Revocable Living Trust. The investment is worth approximately $20.7 million based on Winn-Dixie’s recent trading price.
He is an American citizen residing in Beijing, the filing said. A report in a Florida-based business publication identified him as a professor at the Academy of Mathematics and System Science in Beijing.
Filings show He has previously invested in various real estate companies, including Gramercy Capital and FelCor Lodging Trust.