Well Known Short Selling Agencies Muddy Water To Carry Out Protracted War With Anta

Muddy water, known as the short selling agency Muddy Waters Research, released fourth reports on Monday, summarizing the three reports on Anta sports (2020.HK) last week and the response of the Fujian company.

Muddy water said that in the past 9 years, the agency has been exposing the fraud of listed companies of the Hong Kong stock exchange, and has never been accused by the regulators. However, the 14 companies exposed by the company, 6 delisting, 1 suspended for nearly 5 years, 2 were sold at premium by the management, 2 shares fell more than 90%, 2 shares fell significantly, and only one company's share price rose.

As for the disclosure of Anta, muddy Shui said there will be more plans.

In the previous three reports, muddy water strategically accused Anta of secretly controlling its distributors in the first report, and in second allegations that Anta sports conveyed the assets to President Ding Shizhong and sold assets at low prices. In the third report, Anta sports denied the control of dealers and reiterated that dealers were independent third parties. The fact that Anta sports distributors control Anta sports known as the FILA shop of the whole direct camp was exposed to achieve the effect of attacking the shield with the other spear.

In the fourth report, the three lie cited by muddy water included the right disposal of all FILA stores, the Shanghai frontline sporting goods company of the subsidiary company, and the independent sale of Anta.

In addition to a refutation of the first short report, Anta sports's second and third reports on muddy water are routine statements, which are simply denied.

After the fourth report was released on Monday, Anta sports shares briefly jumped more than 2%, but then quickly pulled up, and after more than 2%, it was slightly weakened near the flat.