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Contrasting penny tales of Best World and Serrano

Best World shares up as much as 10 times from end-2015 to September; Serrano set for schemes of arrangement to repay debt

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Mr Chia, Serrano's former executive chairman, was made bankrupt in December.

Singapore

AMONG penny stocks, one of the most spectacular stories of 2016 was the rise of Best World International, a beauty and health products direct selling firm.

In this case, the company recruits people in a multi-level marketing structure to sell its products to others

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