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  "docSlug": "4e8802588ba6",
  "documentTitle": "ANTA Sports Products Limited (2020.HK)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-07-08 00:00:00",
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  "notes": "Includes a screenshot of a government filing portal as evidence of the distributor's lack of independence.",
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      "kind": "callout",
      "text": "If a distributor were truly arms-length, it would seem unusual to enter a supplier’s contact information in lieu of one’s own.",
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      "text": "If a distributor were truly arms-length, it would seem unusual to enter a supplier's contact information in lieu of one's own. In contrast to GZ Anda, Jiangsu Zhonghe, which we believe is a truly independent distributor, uses its own email server.",
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      "text": "When ANTA disclosed GZ Anda as a Connected Person, there was an obligation to obtain ANTA shareholder consent... One of the new distributors that ANTA engaged was 'SZ Kuayu'. This too is a secretly controlled Tier 1 distributor.",
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      "text": "Shenzhen Kuayu Sporting Goods Co. Ltd.",
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