Best World shares plunge 12%; SGX issues query
Company refers to Bloomberg report on concerns about China crackdown on direct sellers as possible explanation
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SHARES of Best World International, a direct seller of skincare and wellness products, on Tuesday fell 12 per cent or 18.5 Singapore cents to close at S$1.355 on news of China's crackdown on pyramid schemes.
The stock opened at S$1.48 but dived to its lowest point of S$1.22 at 11.54am. It was one of the most actively traded stocks on Tuesday, with 29.1 million shares traded.
