Best World drops defamation lawsuit against Bonitas Research
Best World's founders want to get back to managing the company
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE writ of summons for Best World International's defamation proceedings against short-seller Bonitas Research has expired.
Best World and its founders - Dora Hoan and Doreen Tan - decided not to renew the writ, and thus will not continue with the lawsuit. This is so they can "focus management time and resources on the measures necessary for the company to resume trading and the growth of the group's business", Best World said in a filing early on Friday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
