Muddy Water Launch "Fourth Bombs" Short Report Insisted That Anta's Response Is Full Of Lies.

The confrontation between muddy water and the only clothing brand Anta 02020.HK, which has a market value of over 100 billion, is still continuing. Following muddy water and Anta's three front confrontation last week, muddy water issued fourth short selling reports for Anta. In the report, muddy water pointed out Anta's 3 big lies. Xiang Meng, executive director of Xiang song capital, pointed out that the confrontation between muddy water and Anta has evolved into a "reputation war". In order to maintain the professional reputation of muddy water short and the influence of short selling later, muddy water will continue to send other short reports.

Reporters noted that the muddy water company released the fourth part of Anta sports short report on Anta sports before the public statement, these responses in muddy water seems to be a lie. Muddy water company said it had revealed nine years of fraud, and has never been accused by the regulators of lying. "However, almost every case we accused of a company fraud, the company denied our conclusions."

The first thing to bear is the ownership of Fila stores. In muddy waters, Anta intends to lie to investors about its ownership of Philippine stores. Therefore, the company's description of Philippine's financial situation should be questioned. The muddy water report pointed out that Anta had never claimed to have all the Philippine stores through its statement by analysts. Muddy water considers this a lie. "This point once again shows that the data of the company's report on Fiat is unreliable," muddy said. In his third report, he pointed out that the owner of Beijing's fie shop was Anta agent Su Weiqing. The company's initial response was to issue a clarification statement, which "strongly denied" the allegations. "But just a few weeks before we released the report, we had a telephone conversation with Suki Wong, head of investor relations at Anta. We asked her if Anta had any stores in China, and she assured us again and again that it did. In addition, in the conference call, Anta CFO Lai Shixian was reported to be asked if Anta considered wholesale for fiel, and his reply was that he would continue to operate the Philippine self operated mode.

In addition, muddy water insists that Anta's disposal of Shanghai frontline sporting goods Co., Ltd. is an obvious corruption and improper transaction. "Anta said in the transaction that its international brand retail business was not performing well because the buyer was an independent party and suffered serious losses. This is a new, fast-growing business, exceeding expectations in terms of sales performance. Some people would think that the rapid growth of new enterprises will often suffer losses. But this is not a legitimate reason to deal with Shanghai's sporting goods such as frontline sports. On the contrary, it shows that because of the company's expansion of business, Anta has made shareholders of listed companies suffer losses. The ultimate buyer of Shanghai frontline sporting goods Co., Ltd. is not an independent party. The ultimate buyer of the company is Chen Dinglong, a Anta agency network member. At that time, Chen was the largest shareholder of Guangzhou anda that had been disclosed before. Even though Anta argues that Chen is not a related person, the use of buying to cover up its status as the ultimate buyer indicates that Chen is actually an associated person.

Muddy water pointed out that the third lies of Anta sports still point to Anta dealers, muddy water said, a lot of evidence shows that Anta brand dealers are actually not independent, but controlled by Anta. "As we have described in detail in the first part, Anta controls its financial department by hiring financial managers and paying salaries to financial sector employees. And we think that Anta is doing fraudulent transactions through this method. The control of financial departments is not to help distributors in marketing, nor to provide management knowledge, but to create false accounting records. Xiang Meng, executive director of Xiang song capital, pointed out that the distributor is a subsidiary company, but without disclosing it, it can do the profit transfer, cheat in performance, and do not conform to information disclosure.

As of press release, Anta sports has not responded to muddy water's fourth short reports, Anta sports related responsible person has not responded to fourth short reports.

After the stock price slump on the first day of the first day, the stock price of Anta sports remained at HK $51.6, and there was not much fluctuation. However, this does not mean that the crisis of Anta sports has passed, and muddy water does not mean a truce. Shen Meng pointed out that the confrontation between muddy water and Anta has evolved into a "reputation war". In order to maintain the professional reputation of muddy water and short selling, the possibility of sending other short reports after muddy water is very great.