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.
賣空者Grizzly Research週四發佈了一份題爲 「我們相信SharkNinja, Inc.（紐約證券交易所代碼：SN）是一個基於猖獗的搶劫和與中國董事長的利益衝突的中國騙局」 的報告。以下是報告中的指控。
The Details: Grizzly Research alleges that SharkNinja "engaged in some of the worst practices of old-school China hustle stocks" including:
詳情：Grizzly Research聲稱，SharkNinja 「採取了一些最糟糕的做法」，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
- 關於以名義對價向內部人士轉移資產的指控
- 有人指控該公司在首次公開募股前過度利用槓桿作用以向控股股東支付特別股息
- 關於任人唯親的說法
- 對同一業務領域中未公開關聯方的指控
Benzinga reached out to SharkNinja for comment, but had not received a response from the company before publication.
本辛加聯繫了SharkNinja徵求意見，但在發佈之前沒有收到該公司的回應。
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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.
根據Grizzly Research的數據，SharkNinja在上市前將其債務增加了3億多美元，然後通過特別股息和關聯方貸款向王轉移了超過6億美元。
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聲稱，SharkNinja與一個未公開的關聯方共享一個地址，該公司的董事長王旭寧控制着該地址，並在類似的業務中運營。賣空者推測存在利益衝突，並指出，從2021年到2023年，關聯方的購買量超過30億美元。
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.
該報告還稱，SharkNinja僅以微不足道的對價將一家擁有京東和阿里巴巴平台天貓上 「唯一具有官方外觀」 的在線店面版權的重要子公司出售給了董事長。
"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.
灰熊研究寫道：「根據我們的研究，我們堅信不應僅以名義對價出售49％的SharkNinja（中國）技術。」
SN Price Action: According to Benzinga Pro, SharkNinja shares are up 4.11% at $99.12 at the time of publication Thursday.
SN價格走勢：根據Benzinga Pro的數據，在週四發佈時，SharkNinja股價上漲4.11％，至99.12美元。
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Image: Shutterstock
圖片：Shutterstock
