Best World requests trading halt; shares fall 17% in early session

Singapore

BEST World International requested a halt in the trading of its shares with immediate effect on Monday morning at 11.23am, pending an announcement.

Its shares slid 54 Singapore cents or 16.6 per cent to S$2.71 on 8.69 million shares traded before trading was halted. Prior to Monday, shares in the skincare maker and distributor soared 171 per cent over the past 12 months, driven by strong growth in China, where it has moved away from an export business model to a franchise one.