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Consumer Discretionary

Anta Sports (2020 HK)

Year: 2019

Chinese sportwear company Anta listed on the Hong Kong Exchange in July 2007. It was first targeted by short-seller Blue Orca at the Hong Kong Sohn conference in May 2019, alleging fraud. Through July 2019, short-seller Muddy Waters issued a series of five reports alleging that the company was faking sales and profits by using secretly controlled distributors to boost margins, amongst other allegations. The reports failed to have any share price impact or prompt any director and/or auditor resignations. As such, the allegations remain unproven. 

Last updated June 2022.

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