{
  "docId": "019dd923-622c-750b-8b96-db4f3102b08e",
  "docSlug": "24a337302d8e",
  "documentTitle": "ANTA Sports Products Limited (2020.HK)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-07-22 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 19,
  "pageCount": 20,
  "prevPage": 18,
  "nextPage": 20,
  "slideType": "other",
  "function": "other",
  "density": "balanced",
  "nDataPoints": 1,
  "notes": "The slide highlights complex corporate relationships and historical entity naming conventions.",
  "elementsJson": [
    "paragraph",
    "process_diagram"
  ],
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b96-db4f3102b08e/19",
  "deckHref": "/decks/019dd923-622c-750b-8b96-db4f3102b08e",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b96-db4f3102b08e.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-db4f3102b08e#slide-19",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Motive Force is also the name of the ANTA ListCo BVI company at the time of the IPO (see prospectus pg. 20, et alia) and which later also produced two notable Fila subsidiaries, Motive Force Singapore and Motive Force E-commerce (HK).",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-ee3c-76df-9656-031b3d3f13c0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.3,
        "x": 0.35,
        "y": 0.16
      },
      "kind": "diagram",
      "text": "REEDO Sports (BVI) 85% REEDO International (BVI) SPRANDI Investment (HK) REEDO Hong Kong (HK) SPRANDI China (PRC)",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ad60b712-8936-47d9-976e-87856b3cb799",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.764,
        "x": 0.118,
        "y": 0.608
      },
      "kind": "paragraph",
      "text": "Moreover, as can been seen in the SAIC file for Fujian Ruidong (福建省锐动有限公司), it also operated under two previous names, the first of which, Jinjiang Yuandongli 晋江原动力 translates into English as “Motive Force Import Export Co.”, was used at the time of registration and changed after a few months. Motive Force is also the name of the ANTA ListCo BVI company at the time of the IPO (see prospectus pg. 20, et alia) and which later also produced two notable Fila subsidiaries, Motive Force Singapore and Motive Force E-commerce (HK).",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e61c071a-d3ba-4558-880f-60e93b9bf54f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.043,
        "w": 0.764,
        "x": 0.118,
        "y": 0.113
      },
      "kind": "paragraph",
      "text": "Below: The Anta 2018 corporate structure below shows Sprandi held by Reedo BVI, as a JV that is 85% owned by ANTA.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fdbfea90-4602-4607-97f6-247417c51c21",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 4,
      "beatId": "e6e6fef1-0131-412b-8c92-aa7c9cc673e2",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Appendix Data",
      "beatSlug": null,
      "evidence": "The document provides supporting data and information to substantiate the claims made",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 20,
      "from": 11,
      "name": "Iceberg",
      "slug": "10-iceberg",
      "bestFor": "Consulting, complex problem solving, organizational change",
      "matchId": "1e7bd6f0-abea-4eb2-af9e-35fa54e9eabb",
      "evidence": "The document provides supporting data and information to substantiate the claims made",
      "position": 1,
      "objective": "Reveal underlying information and relationships",
      "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
      "confidence": 0.7,
      "description": "Reveal that the visible problem is merely a symptom of a deeper root cause"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}