SharkNinja A 'China Hustle Based On Rampant Looting': Short Report
SharkNinja A 'China Hustle Based On Rampant Looting': Short Report
Short-seller Grizzly Research released a report titled, "We Believe SharkNinja, Inc. (NYSE:SN) is a China Hustle Based on Rampant Looting and Conflicts of Interest with the Chinese Chairman" on Thursday. Here's a look at the allegations in the report.
卖空者Grizzly Research在周四发布了一份题为《我们相信SharkNinja, Inc. (纽交所:SN)是一个基于中国欺诈的诈骗行为，涉及猖獗的掠夺和与中国主席的利益冲突》的报告。以下是该报告中的指控。
The Details: Grizzly Research alleges that SharkNinja "engaged in some of the worst practices of old-school China hustle stocks" including:
细节：Grizzly Research指控SharkNinja "从事了一些最恶劣的老式中国欺诈股票的做法"，包括：
- Allegations of transferring assets to insiders for a nominal consideration
- Allegations of overleveraging the company before its IPO in order to pay special dividends to a controlling shareholder
- Claims of nepotism
- Allegations of an undisclosed related party in the same line of business
- 将资产以名义代价转让给内部人员的指控
- 在IPO之前针对公司过度杠杆，以向控股股东支付特殊分红的指控
- 存在裙带关系的指控
- 有未披露相关方涉足同一业务的指控
Benzinga reached out to SharkNinja for comment, but had not received a response from the company before publication.
Benzinga已联系SharkNinja以征求意见，但在出版前尚未收到公司的回复。
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SharkNinja increased its debt before going public by over $300 million and then transferred more than $600 million to Wang through special dividends and related-party loans, according to Grizzly Research.
根据Grizzly Research，SharkNinja在上市之前增加了超过$30000万的债务，然后通过特殊分红和相关方贷款向王转移了超过$60000万。
Grizzly claims that SharkNinja shares an address with an undisclosed related party that the company's chairman, Xuning Wang, controls and operates in a similar business. The short seller speculates there is a conflict of interest and noted over $3 billion purchases from related parties from 2021 to 2023.
Grizzly声称SharkNinja与一个未披露的相关方共享一个地址，该相关方由公司董事长王旭宁控制，并经营相似的业务。做空者推测存在利益冲突，并指出2021年至2023年间与相关方的购买超过30亿。
The report also claims SharkNinja sold a key subsidiary that holds the rights to "the only official looking" online storefronts on JD.com and Alibaba's platform Tmall to chairman Wang for only nominal consideration.
报告还声称，SharkNinja以仅象征性的代价将一个子公司出售给王，该子公司持有在京东和阿里巴巴的平台天猫上“唯一官方外观”在线商店的权利。
"Based on our research, we strongly believe that 49% of SharkNinja (China) Technology should not be sold for only a nominal consideration," Grizzly Research wrote.
"根据我们的研究，我们坚信SharkNinja（中国）科技的49%股份不应以象征性代价出售，" Grizzly Research写道。
SN Price Action: According to Benzinga Pro, SharkNinja shares are up 4.11% at $99.12 at the time of publication Thursday.
SN价格走势：根据Benzinga Pro，SharkNinja的股票在周四出版时上涨了4.11%，价格为$99.12。
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Image: Shutterstock
图片：shutterstock
