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Best World surges 15.5% after founders, company buy back shares

Recovery follows stock's tumble after concerns over China's crackdown on pyramid schemes

Angela Tan

Published Fri, Aug 18, 2017 · 09:50 PM

Singapore

BEST World International, a maker and distributor of skincare and wellness products, saw its share price surge more than 15 per cent on Friday, a day after its two co-founders and the company bought back shares in the open market.

At the closing bell, Best World hit S$1.195 a share, up 16 Singapore cents, or 15.46 per cent. A staggering 49.1 million shares changed hands, making it the third most actively traded stock on Singapore Exchange (SGX) after Rowsley and Addvalue.

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