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(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