SHANGHAI :
ANTA Shares Dive After Muddy Waters Short Report
Dou Shicong
DATE:  Jul 08 2019
/ SOURCE:  yicai
ANTA Shares Dive After Muddy Waters Short Report ANTA Shares Dive After Muddy Waters Short Report

(Yicai Global) July 8 -- Shares in Chinese sportswear brand ANTA tanked over 5 percent this morning after notorious California-based short seller Muddy Waters said yesterday that the firm cheated in its fiscal data by controlling distributors to boost margins.

The stock price [HKG:2020] crashed up to 8 percent this morning but rallied slightly to HKD51.20 (USD6.57) per share at the close, still down 7.32 percent.

Editor: Ben Armour

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Keywords:   ANTA,Muddy Water,Short