Anta Sports says short seller's allegations 'inaccurate

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.