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  "documentTitle": "Focus Media Holding Ltd. (FMCN)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2012-01-06 00:00:00",
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  "notes": "The slide uses investigative reporting to cast doubt on the legitimacy of an acquisition target.",
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      "text": "It is curious as to why such a small company would arouse the attention of a multi-billion dollar market capitalization advertising powerhouse such as FMCN.",
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      "text": "Photo of the area around Shengtai's registered office.",
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      "kind": "paragraph",
      "text": "Hunchun Shengtai Ginseng Plantation Co. Ltd. was incorporated on January 31, 2007 by a husband and wife team, Mr. Liu and Mrs. Xue. The couple is from the local area, Hunchun, population 250,000, is in the far northeast of China.",
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      "text": "Shengtai Ginseng's scope of business was “ginseng plantation.” Shengtai Ginseng's registered office was (and still is) in a desolate place near the border. According to Shengtai Ginseng's SAIC file, it pays $73 per month for the office.",
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      "text": "Mr. Liu and Mrs. Xue registered the company with equity capital of $64,000; however, they only paid-in $13,000. While Mr. Liu and Mrs. Xue appear to be farmers, and these were likely large sums of money to them, it is curious as to why such a small company would arouse the attention of a multi-billion dollar market capitalization advertising powerhouse such as FMCN.",
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      "text": "Ginseng Plantation Acquisition History",
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