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Investor Takes 5% Stake in Winn-Dixie

JACKSONVILLE, Fla. — A Bejing-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.

Jon Springer, Executive Editor

March 28, 2011

1 Min Read
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JON SPRINGER

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.

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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