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Best World International
Regulatory Action
Review of Best World on track for February 2020 release; short-seller Bonitas attacks new target
SINGAPORE (Dec 13): Short-sellers’ target Best World International, which has been suspended pending an independent review, is “cautiously optimistic” that fieldwork for the review will be done by mid-December and that the draft report will be sent
December 13, 2019
Billion Dollar Club 2019
Corporate leadership in a time of 'conscious capitalism'
The Edge Singapore’s Billion Dollar Club recognises leading performers among the largest local listed companies.
August 23, 2019
Results
Best World says 2Q earnings nearly trebled to $27 mil on higher sales
SINGAPORE (Aug 13): Best World International, the direct selling firm whose shares are currently suspended from trading, reported earnings of $26.7 million for 2Q19, some 193% higher than $9.1 million in 2Q18.
August 13, 2019
Management & Corporate Governance
SGX RegCo orders independent review of Best World by PwC to be expanded
SINGAPORE (May 13): Singapore Exchange Regulation (SGX RegCo) has issued a notice of compliance on Best World International, to expand the scope of an on-going review by PwC.
May 13, 2019
Management & Corporate Governance
SGX RegCo suspends Best World amid fresh attacks by short sellers
SINGAPORE (May 9): The past couple of months have been tough on direct selling firm Best World International. But now, it looks like even tougher times lie ahead.
May 13, 2019
In print this week
US-China trade tariff tension threatens to boil over; Best World slapped with trading suspension
SINGAPORE (May 13): Will trade negotiators from Washington and Beijing manage to bring down spiking temperatures this week in an attempt to hash out a trade deal? Or will trade tensions between the two superpowers boil over — and scald the rest of the g
May 13, 2019
Management & Corporate Governance
SGX RegCo suspends Best World amid fresh attacks by short sellers
SINGAPORE (May 9): The past couple of months have been tough on direct selling firm Best World International. But now, it looks like even tougher times lie ahead.
May 10, 2019
Update
Best World files defamation suit against short seller Bonitas; calls to lift trading halt following 1Q results release
SINGAPORE (May 9): Best World has issued a statement that says it “strongly refutes” an April 24 short seller report by Bonitas Research, where it alleged the group’s sales in China are a fraction of what was reported to its shareholders, among othe
May 09, 2019
Global Economy
March CPI eases on lower power prices; Best World not having the best of times
SINGAPORE (Apr 29): The Department of Statistics on April 23 released the Consumer Price Index (CPI) for March. Core inflation, which excludes housing and private transport costs, has eased to 1.4% from 1.5% in February. The slightly lower inflation is at
April 29, 2019
Best World shares down 9% on attacks by short sellers Bonitas Research and Valiant Varriors
SINGAPORE (Apr 24): Best World International, the distributor of skincare, nutritional and wellness products, has been hit by damning reports by two separate short sellers on Wednesday morning: Bonitas Research and Valiant Varriors.
April 24, 2019