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Best World shares fall 18.45% in heavy volume as trading resumes

Singapore

BEST World International shares plunged 50 Singapore cents or 18.45 per cent to finish at S$2.21 on Monday after trading resumed following a halt that lasted almost five days last week.

Heavy selling ensued with some 29.5 million shares changing hands as investors mulled over Best World's rapid expansion in China, which had underpinned its high valuations.

The direct-selling company, which also sells premium skincare products to franchisees in China, said over the weekend that it will order...

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