Best World under fire from shareholders at AGM over dividends, director salaries
Company will engage shareholders further on selective capital reduction at a later engagement dialogue arranged by Sias
DISGRUNTLED shareholders of beauty product distributor Best World International raised questions over the lack of dividend payouts and the compensation of directors at the company’s first in-person annual general meeting (AGM) in five years.
Questions were also raised over the mainboard-listed company’s decision to delist via a selective capital reduction at the AGM. The company has proposed to offer S$2.50 per share.
The meeting, which was held at Mapletree Business City on Friday (Apr 26) morning, ran for about two hours and was followed by a separate one-hour session to address concerns specifically on the exit offer.
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