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Hot stock: Best World surges as much as 38% after trading resumes following lengthy suspension

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Michelle Zhu

Michelle Zhu

Published Mon, Nov 14, 2022 · 10:30 AM
    • As at 10.02 am on Monday, Best World's shares are up S$0.41 or 30.1 per cent at S$1.77.
    • As at 10.02 am on Monday, Best World's shares are up S$0.41 or 30.1 per cent at S$1.77. PHOTO: BT FILE

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    SHARES of Best World International jumped as much as 37.5 per cent or S$0.51 to hit a high of S$1.87 on Monday (Nov 14) – on its first day of trading after a 3.5-year-long suspension due to regulatory concerns over the company’s business model in China.

    The beauty products distributor’s share price eased slightly to close at S$1.82, some 33.8 per cent or S$0.46 higher than its last price of S$1.36 before the counter was suspended on May 9, 2019.

    Some 14.9 million shares changed hands during the day. No married deals were recorded, according to ShareInvestor data.

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