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  "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": "The slide uses corporate registration documents to expose the relationship between the Chairman's cousin (Lin Sankuang) and the company's ownership history.",
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      "text": "In the course of our investigation, we frequently encountered Mr. Lin Sankuang’s name associated with a variety of ANTA controlled distributors, and were subsequently informed that he is a cousin (表弟) of the Chairman.",
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      "text": "Corporate registration documents showing share transfer and legal representative change.",
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      "text": "After ANTA went public, the continuing “independence” of BJ Jiyuan Shengbao from the ListCo was periodically undermined by the ListCo itself, as well as by the involvement of its apparent associates, such as Li Yuxiong, Lin Sankuang, and Ding Lianhe.",
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      "text": "Additionally, when BJ Jiyuan Shengbao was established, there were two founding shareholders: Mr. Su Weiqing with 52% ownership, and Mr. Lin Sankuang with 48% ownership. Mr. Lin Sankuang was also appointed the original legal representative.",
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      "text": "Interview with former senior manager, Mr. C — Footnote 44",
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      "text": "44 Interview with former senior manager, Mr. C. 45 Ding Lianhe also holds an interest in various distributors...",
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