{
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  "docSlug": "5d07cd85d779",
  "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": "2019-07-15 00:00:00",
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  "notes": "This is a text-heavy research note page focusing on fraud allegations.",
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      "kind": "callout",
      "text": "ANTA has shown no evidence to counter the well over 100 pages of evidence and commentary regarding ANTA's corruption. Rather, it has relied on proxies to make unsupported (and nonsensical) statements. Why? Because liars lie.",
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      "text": "ANTA has shown no evidence to counter the well over 100 pages of evidence and commentary regarding ANTA's corruption. Rather, it has relied on proxies to make unsupported (and nonsensical) statements. Why? Because liars lie.",
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      "text": "Also note that ANTA's official response completely ignores that senior executives at ANTA refer to the distributors as subsidiaries. We spoke to four former senior executives who stated this, and none who disputed this characterization.",
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      "text": "Of the above list, the only step that appears to involve externally-sourced information is the confirmation letter procedure. Because ANTA directs the distributors' finance departments, it almost certainly fills out the confirmation letters from the auditors.",
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