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
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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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