Best World

Best World raises stake in British beauty firm Pedal Pulses

Total purchase consideration of about S$5.5 million is not materially different from the one announced in April 2020

Best World made an exit offer by way of a selective capital reduction in April as it seeks to delist the personal-care products company. 

Best World’s exit offer ‘fair and reasonable’, says independent financial adviser

Evolve Capital Advisory pegs the estimated value of each Best World share at between S$1.36 and S$2.69

Best World announced last month its exit offer by way of a selective capital reduction as it seeks to delist the company.

Best World raises exit offer price to S$2.56 per share in final offer

Company decided on the move after a review of its most recent financial and cash position

Short-selling of its stock and the increasing risk of operating in the China market has led Best World to decide on delisting.

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

Best World says privatisation will provide the company the flexibility to optimise its resources to focus on the longer-term strategies of the business.

Hot stock: Best World jumps 10.8% after exit offer at S$2.50 per share via selective capital reduction

Best World’s shares jumped 10.8 per cent after the company on Wednesday (Apr 3) proposed to offer S$2.50 in cash per share by way of a selective capital reduction to eligible shareholders to privatise...

Best World says it will take no further action relating to the Mar 21 requisition letter.

Best World shareholders withdraw requisition notice

A GROUP of shareholders who collectively hold an interest of at least 10 per cent in Best World has withdrawn its requisition letter, while reserving its right to issue the requisitions again in the f...

Best World will obtain approval for the selective capital reduction at an extraordinary general meeting. The proposal also requires the approval and confirmation of the High Court.

Best World International seeks to delist by selective capital reduction; shareholders requisition EGM on cash reserves, dividends, directors’ pay

MAINBOARD-LISTED Best World International is looking to delist from the Singapore Exchange (SGX) by way of a selective capital reduction, citing the poor consumer sentiment and growth headwinds in its...

Best World International proposes no dividend for FY2023, citing the uncertain business climate as its main concern.

Best World Q4 net profit drops 15.2% to S$40.4 million on China’s sales decline, rising distribution costs

BEST World International posted a 15.2 per cent drop in net profit to S$40.4 million for the three months ended Dec 31, 2023, from S$47.7 million in the corresponding quarter a year ago.

SGX queried Best World on the reasons for its significant other liabilities of S$27.3 million, when it had recorded cash and cash equivalents of about S$488.9 million as at end-September. 

Best World responds to SGX queries on current assets, liabilities in Q3 financial statements 

BEST World International on Wednesday (Nov 29) responded to questions from Singapore Exchange Securities Trading (SGX-ST) on certain aspects of its latest financial statements for the third fiscal qua...

Revenue in Q3 was up 4.2 per cent at S$104.5 million, largely from Best World’s direct selling segment.

Best World Q3 net profit down 1.5% to S$21.7 million 

BEST World International posted a 1.5 per cent drop in net profit to S$21.7 million for its third quarter ended September, from S$22.1 million in the previous corresponding period.