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  "documentTitle": "Playtika Holding Corp. (PLTK)",
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      "text": "Through our research on Mr. Shi and PLTK's history in the past few years, we believe that Mr. Shi has been using PLTK as his piggy bank, which in the long term will cause great damage to the public shareholders of PLTK.",
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      "text": "THE REPORT AND ALL STATEMENTS CONTAINED HEREIN ARE THE OPINIONS OF GRIZZLY RESEARCH...",
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      "text": "We see PLTK as a quintessential example of a sad pattern we continue to observe in the currently over-heated public markets. Some Chinese investors who realize that their business is subject to imminent regulatory risk strip the business of its cash, load it up with debt, and then bring then sell as much as possible to US public investors. We witnessed this scenario play out recently in the Chinese education sector which saw its stock prices evaporate after having raised billions from US investors. We warn investors that PLTK might play out to be a similar story.",
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      "text": "The company is currently controlled by Mr. Yuzhu Shi from China. Mr. Shi is a relatively well-known business man in China and his business endeavors over the past decades span across multiple industries such as nutrition products, and online gaming.",
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      "text": "Currently, Mr. Shi controls PLTK through his investment company Giant Investment Co., Ltd (Chinese name: 巨人投资有限公司) and another A share public company Giant Network Group Co., Ltd. (002558.SZ) (Chinese name: 巨人网络). These two entities holds roughly 60% majority interest of PLTK.",
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      "text": "PLTK is one of the leading developers for online and mobile games. The company was founded in 2010 in Israel, and then sold to Caesars Interactive Entertainment in 2011. Five years later, PLTK was purchased by a group of investors from China.",
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      "text": "Through our research on Mr. Shi and PLTK's history in the past few years, we believe that Mr. Shi has been using PLTK as his piggy bank, which in the long term will cause great damage to the public shareholders of PLTK. We also believe that PLTK faces immense regulatory risk, which we believe will soon materialize.",
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