By
Reuters
Reuters
Published
May 31, 2019
May 31, 2019
Anta Sports says short seller's allegations 'inaccurate
By
Reuters
Reuters
Published
May 31, 2019
May 31, 2019
Chinese sportswear company Anta Sports Products Ltd on Friday dismissed a short seller report casting doubt on its revenue as “inaccurate and misleading”.
ANTA shares rose over 3% on Friday morning after closing down 5.5% a day earlier, after Blue Orca Capital gave a presentation on the company.
ANTA said the allegations “may be intended specifically to undermine confidence in the company and its management”.
In a separate filing, ANTA said it had sold HK$778 million ($99.1 million) of new shares to a connected person at HK$49.11 each, 4.6% higher than Thursday’s closing price.
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