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

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.

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.

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.

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.

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

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.

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

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

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.
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