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ANTA Sports denies Muddy Waters' FILA allegations
11 Jul 2019
(Infocast News) ANTA Sports Products (02020) said it noted a research report issued by Muddy Waters on 11 July 2019 which contained certain allegations relating to the operation model of FILA brand retail business in the PRC and its board of directors vigorously denied the allegations and considered them inaccurate and misleading.

"It is important for shareholders to be aware that the relevant allegations are the opinions of a short seller whose interests may not be aligned with those of shareholders in general, and that it may be intended specifically to undermine confidence in the Company and its management, and to harm its reputation. Accordingly, shareholders should treat such allegations with caution. The Company reserves its right to take legal action against Muddy Waters and/or those responsible for the relevant allegations," ANTA Sports Products said.

(WL)
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