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Sin_Cos_Tan Veteran	09-May-2019 16:59        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Relax...relax... listen to the song 【 滄 海 一 聲 笑 】 http://www.youtube.com/watch?v=j0K27MndYBk dedicate this song to  ....
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sbscap Master	09-May-2019 16:59        sbscap About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Don' t know which is more exciting, watching US-China trade war or BW saga. Bonitas responded really fast. I didn' t have time to read the 40-page BW report until 2pm. Bonitas responded today. As well as another short seller. I' m sure Muddy Water and the rest of the gang are also circling the prey. It' s better to do nothing. Like I say, sell half if you are long and are very bullish on BW was a good advice.
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zillion Master	09-May-2019 16:57        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	Auditor in charge just resign lor. sheerluck      ( Date: 09-May-2019 16:49) Posted: So if SGX found something different to what their auditors said, can held auditors responsible? like2learn      ( Date: 09-May-2019 16:45) Posted: sgx investigating ...  tot they already ask BW to appt 3rd party to check ? cannot trade BW over the next few days ? what if BW reply then BR refute, and merry go round & round  .... just let free mkt play mah .... pple who believe - buy, dun believe - sell.
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bayduck Member	09-May-2019 16:57        bayduck About Contact  Quote this Post!
x 0   x 0  Alert Admin	If they do, they should see what happened to China Sky. investshare      ( Date: 09-May-2019 16:55) Posted: Will BW sue sgx as well ?
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investshare Supreme	09-May-2019 16:55        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will BW sue sgx as well ?
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bayduck Member	09-May-2019 16:54        bayduck About Contact  Quote this Post!
x 0   x 0  Alert Admin	The profits are not completely faked, probably just inflated, as alleged by Bonita&rsquo s. So it could be that they actually only earn $1, but reported $2. They then pay 80 cents as dividends, which is doable, while collecting a high salary. positivity88      ( Date: 09-May-2019 16:48) Posted: Actually the more worrying part is where is the money coming from? if sales is fake then all along all the dividends come from where? if they are engaged in direct sales maybe they will get a fine slap or something by PRC regulators but then business affected and stock maybe go down to $1.00 the worst is if Money Laudering is involved or a ponzi scheme involved then really big problem liao. can really become $0.00 anyway damage is done even reopen also who dare to buy.. just like noble.. as long as they cant win a court case against bonitas will mean bonitas is right and bye bye world
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Qanghoo Supreme	09-May-2019 16:53        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	They' ve just as good as tell the reviewer commissioned by BW to go fly a kite? Goldfinger      ( Date: 09-May-2019 16:50) Posted: Does this mean SGX does not trust BW either?  So not just market speculation?? ​ This is like hammering the final nails into BW coffin.....  Well Done!  Should they not have done this before today resumption of trading???  some people bought at higher prices today. Starship      ( Date: 09-May-2019 16:45) Posted: 09-May-2019 16:33:28 Status New Announcement Sub Title SINGAPORE EXCHANGE REGULATION SUSPENDS TRADING OF SHARES IN BEST WORLD INTERNATIONAL LTD Pursuant to Listing Rule 1303 (5), Singapore Exchange Regulation has exercised its authority to suspend trading in the shares of Best World International Ltd (" the Company" ) with effect from 3.14 pm today pending our investigations into the accuracy of the Company' s 9 May 2019 announcement entitled " Best World International Ltd strongly refutes Bonitas research report" . Trading suspension will continue until we have completed our investigations into the veracity of the Company' s China sales. https://links.sgx.com/1.0.0/corporate-announcements/RT2LBV5H11S0RLKY/8ba587d67fbf90ea1b3e42fbc0ec3b66fc333edbad9c2321d52214a65afb67ef
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Starship Supreme	09-May-2019 16:53        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	The WORST Day of BEST World....................... Qanghoo      ( Date: 09-May-2019 16:51) Posted: I' m betting this is the beginning of the end .... the worst of the Best ..... guards80      ( Date: 09-May-2019 16:48) Posted: can be months or year
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zillion Master	09-May-2019 16:52        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	Back in the old days China will chop head, limbs if found to be corrupted. Nowadays just very heavy fine in RMB. wit the actress Fann BinBin' s penalty for having 2 separate contracts. positivity88      ( Date: 09-May-2019 16:48) Posted: Actually the more worrying part is where is the money coming from? if sales is fake then all along all the dividends come from where? if they are engaged in direct sales maybe they will get a fine slap or something by PRC regulators but then business affected and stock maybe go down to $1.00 the worst is if Money Laudering is involved or a ponzi scheme involved then really big problem liao. can really become $0.00 anyway damage is done even reopen also who dare to buy.. just like noble.. as long as they cant win a court case against bonitas will mean bonitas is right and bye bye world
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michaeltan Master	09-May-2019 16:52        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	This suspension is intiated by SGX.  Unprecedented one.  SGX will conduct the investigation into the veracity of the company' s China sales. If the sales was genuine. It is a very serious defamation to BW. The other option now is good for the BW privatisation the company.   Qanghoo      ( Date: 09-May-2019 16:40) Posted: Suspension initiated by SGX RegCo.  Is this unprecedented? runaway      ( Date: 09-May-2019 16:38) Posted: If BW had called for the suspension,   it would have been filed in SGX BW space. Since there is no such announcement, the suspension must have been initiated by SGX. We can expect an announcement from SGX soon.
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greenhappy Member	09-May-2019 16:51        greenhappy About Contact  Quote this Post!
x 0   x 0  Alert Admin	unlikely to trade over next few days, BW is not halted, it is suspended by SGX, may take a long time. hope u dont get caught, I deleted BWL from my portfolio this morning, too high risk to long and to short. like2learn      ( Date: 09-May-2019 16:45) Posted: sgx investigating ...  tot they already ask BW to appt 3rd party to check ? cannot trade BW over the next few days ? what if BW reply then BR refute, and merry go round & round  .... just let free mkt play mah .... pple who believe - buy, dun believe - sell.
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Starship Supreme	09-May-2019 16:51        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Goldfinger      ( Date: 09-May-2019 16:50) Posted: Does this mean SGX does not trust BW either?  So not just market speculation?? ​ This is like hammering the final nails into BW coffin.....  Well Done!  Should they not have done this before today resumption of trading???  some people bought at higher prices today. Starship      ( Date: 09-May-2019 16:45) Posted: 09-May-2019 16:33:28 Status New Announcement Sub Title SINGAPORE EXCHANGE REGULATION SUSPENDS TRADING OF SHARES IN BEST WORLD INTERNATIONAL LTD Pursuant to Listing Rule 1303 (5), Singapore Exchange Regulation has exercised its authority to suspend trading in the shares of Best World International Ltd (" the Company" ) with effect from 3.14 pm today pending our investigations into the accuracy of the Company' s 9 May 2019 announcement entitled " Best World International Ltd strongly refutes Bonitas research report" . Trading suspension will continue until we have completed our investigations into the veracity of the Company' s China sales. https://links.sgx.com/1.0.0/corporate-announcements/RT2LBV5H11S0RLKY/8ba587d67fbf90ea1b3e42fbc0ec3b66fc333edbad9c2321d52214a65afb67ef
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Qanghoo Supreme	09-May-2019 16:51        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I' m betting this is the beginning of the end .... the worst of the Best ..... guards80      ( Date: 09-May-2019 16:48) Posted: can be months or years zillion      ( Date: 09-May-2019 16:47) Posted: wow Susp can mean months if investigations keep dragging on. Congras BW
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1035834 Senior	09-May-2019 16:51        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let sgx regco to end this drama, see how  1035834      ( Date: 09-May-2019 16:48) Posted: SINGAPORE - Best World shares tumbled after as trading resumeon Thursday (May 9) after a two-week halt was lifted, only to be halted again shortly after 3pm. The shares last traded at $1.36, down 26 cents or 16 per cent on volume of 28.8 million. A Singapore Exchange spokesman told  The Business Times: " SGX RegCo has suspended trading in the shares of Best World with effect from 3.14 pm today pending our investigations into the accuracy of the company&rsquo s May 9, 2019 announcement titled ' Best World International Limited strongly refutes Bonitas research report' . Trading suspension will continue until we have completed our investigations into the veracity of the company&rsquo s China sales."       Earlier  on Thursday before the market opened, Best World announced that the company and its founders - Dora Hoan and Doreen Tan - had on May 3 started defamation proceedings against Bonitas Research and its founder in the Singapore High Court. The move was in response to a 28-page report published by Bonitas in April questioning the authenticity and legality of the premium skincare firm' s profits. In a regulatory filing posted at 1.42am, Best World said the report contains false and defamatory allegations " intended to undermine the reputations" of the group and its senior management, cause a loss of confidence in the group and inflict damage on the price of the company' s shares to " financially benefit Bonitas" .     It said Bonitas is a professional short seller and has openly stated in the report that it would profit from the decline in the company' s share price. " The company strongly urges its shareholders and potential investors not to be deceived by the report, which has undermined confidence in the group and destroyed the value that the company has created for its shareholders over the years," Best World said. Bonitas founder and CEO Matthew Wiechert said in a fresh 11-page report on Thursday that the firm has yet to be contacted by anyone from Best World. When approached, Best World said the litigation lawyers acting for the group, Allen & Gledhill LLP, are in the process of obtaining the requisite court order(s) to serve the court papers on the defendants who are not resident in Singapore. If mentioned in a defamation claim, Mr Wiechert said the firm is " ready with an exhaustive list of internal discovery document requests" for Best World which it believes would corroborate publicly available findings. Mr Wiechert said Best World' s response fails to address the key issues raised in the Bonitas report. Best World' s filing also included a point-by-point rebuttal of several issues highlighted in the Bonitas report, which Best World says are untrue. This includes claims that about the scope of its independent review by PricewaterhouseCoopers Consulting (Singapore) and the nature of a portion of its sales for fiscal 2017. Another claim was that Best World was allegedly conducting direct selling in China, which the company has denied. It has, however, said it would seek a separate legal opinion on whether or not its current distribution model constitutes direct selling under the applicable laws and regulations. Best World also refuted Bonitas' doubt that Changsha Best, its major customer for fiscal 2017, was not an independent party. This statement has since been disputed by a separate report published on Thursday by an anonymous group that calls itself Valiant Varriors. The report drew links between the company founder Ms Hoan and Koh Kim Chuan, which the report says is her brother-in-law and legal owner of Changsha Best. Best World' s legal counsel Robson Lee said the Valiant Varriors report is being reviewed and a response will be issued shortly. Best World, in a separate announcement, requested for its trading halt called on April 24 to be lifted on Thursday morning. The company meant to lift the trading halt on May 6, but had got an extension ahead of its quarterly results release. Prior to the trading halt on April 24, Best World shares were down 8.99 per cent at $1.62 on volume of 8.7 million shares as at 11.25am, following the Bonitas report. Days after the report, the Singapore Exchange' s (SGX) regulatory arm ordered a review of Best World' s China business to address all matters raised by Bonitas. Separately, SGX also granted a two-month extension until June 30, 2019 for the company to convene its annual general meeting. On Wednesday night, Best World posted a 79 per cent jump in net profit for the first quarter to $10.3 million from $5.8 million a year ago. The company attributed the performance to strong sales growth across most of the group' s markets, with outperformance most pronounced in China from strong underlying demand for its DR' s Secret skincare line and the full adoption of its new franchise model.
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joker123 Senior	09-May-2019 16:51        joker123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please be prepare to say BYE BYE to your money You are gambling on the word " FUNDAMENTAL" Money is real when u can see it in the bank and now your money in BW is virtual and now has wings   joker123      ( Date: 09-May-2019 16:08) Posted: dan123woo    Hope u have not put all money, or you can be very worried. Look at OLIVA LUM Hyflux, Does she cares if the company burst joker123      ( Date: 09-May-2019 15:56) Posted: dan123woo  I used to be like you " STUBBORN" and believe how can a SIAS company commit FRAUD ... LOOK AND OPEN YOUR EYES. NEVER BELIEVE COMPANY WHO HAS OPERATION IN CHINA. IF BUSINESS SO GOOD WHY REWARD U ? ALL MAN ARE SELFISH BEAR THIS IN MIND
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Starship Supreme	09-May-2019 16:50        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	At least it was truthful enough to name the company a Con................. ahhuat08      ( Date: 09-May-2019 16:41) Posted: nope, donkey years ago there was one ipo called mid con, also suspended by sgx. most recent ones were 2013 ABL' s case Qanghoo      ( Date: 09-May-2019:53) Posted: Suspension initiated by SGX RegCo.  Is this unprecedented
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Goldfinger Supreme	09-May-2019 16:50        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Does this mean SGX does not trust BW either?  So not just market speculation?? ​ This is like hammering the final nails into BW coffin.....  Well Done!  Should they not have done this before today resumption of trading???  some people bought at higher prices today. Starship      ( Date: 09-May-2019 16:45) Posted: 09-May-2019 16:33:28 Status New Announcement Sub Title SINGAPORE EXCHANGE REGULATION SUSPENDS TRADING OF SHARES IN BEST WORLD INTERNATIONAL LTD Pursuant to Listing Rule 1303 (5), Singapore Exchange Regulation has exercised its authority to suspend trading in the shares of Best World International Ltd (" the Company" ) with effect from 3.14 pm today pending our investigations into the accuracy of the Company' s 9 May 2019 announcement entitled " Best World International Ltd strongly refutes Bonitas research report" . Trading suspension will continue until we have completed our investigations into the veracity of the Company' s China sales. https://links.sgx.com/1.0.0/corporate-announcements/RT2LBV5H11S0RLKY/8ba587d67fbf90ea1b3e42fbc0ec3b66fc333edbad9c2321d52214a65afb67ef
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sheerluck Supreme	09-May-2019 16:49        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	So if SGX found something different to what their auditors said, can held auditors responsible? like2learn      ( Date: 09-May-2019 16:45) Posted: sgx investigating ...  tot they already ask BW to appt 3rd party to check ? cannot trade BW over the next few days ? what if BW reply then BR refute, and merry go round & round  .... just let free mkt play mah .... pple who believe - buy, dun believe - sell.
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1035834 Senior	09-May-2019 16:48        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SINGAPORE - Best World shares tumbled after as trading resumeon Thursday (May 9) after a two-week halt was lifted, only to be halted again shortly after 3pm. The shares last traded at $1.36, down 26 cents or 16 per cent on volume of 28.8 million. A Singapore Exchange spokesman told  The Business Times: " SGX RegCo has suspended trading in the shares of Best World with effect from 3.14 pm today pending our investigations into the accuracy of the company&rsquo s May 9, 2019 announcement titled ' Best World International Limited strongly refutes Bonitas research report' . Trading suspension will continue until we have completed our investigations into the veracity of the company&rsquo s China sales."       Earlier  on Thursday before the market opened, Best World announced that the company and its founders - Dora Hoan and Doreen Tan - had on May 3 started defamation proceedings against Bonitas Research and its founder in the Singapore High Court. The move was in response to a 28-page report published by Bonitas in April questioning the authenticity and legality of the premium skincare firm' s profits. In a regulatory filing posted at 1.42am, Best World said the report contains false and defamatory allegations " intended to undermine the reputations" of the group and its senior management, cause a loss of confidence in the group and inflict damage on the price of the company' s shares to " financially benefit Bonitas" .     It said Bonitas is a professional short seller and has openly stated in the report that it would profit from the decline in the company' s share price. " The company strongly urges its shareholders and potential investors not to be deceived by the report, which has undermined confidence in the group and destroyed the value that the company has created for its shareholders over the years," Best World said. Bonitas founder and CEO Matthew Wiechert said in a fresh 11-page report on Thursday that the firm has yet to be contacted by anyone from Best World. When approached, Best World said the litigation lawyers acting for the group, Allen & Gledhill LLP, are in the process of obtaining the requisite court order(s) to serve the court papers on the defendants who are not resident in Singapore. If mentioned in a defamation claim, Mr Wiechert said the firm is " ready with an exhaustive list of internal discovery document requests" for Best World which it believes would corroborate publicly available findings. Mr Wiechert said Best World' s response fails to address the key issues raised in the Bonitas report. Best World' s filing also included a point-by-point rebuttal of several issues highlighted in the Bonitas report, which Best World says are untrue. This includes claims that about the scope of its independent review by PricewaterhouseCoopers Consulting (Singapore) and the nature of a portion of its sales for fiscal 2017. Another claim was that Best World was allegedly conducting direct selling in China, which the company has denied. It has, however, said it would seek a separate legal opinion on whether or not its current distribution model constitutes direct selling under the applicable laws and regulations. Best World also refuted Bonitas' doubt that Changsha Best, its major customer for fiscal 2017, was not an independent party. This statement has since been disputed by a separate report published on Thursday by an anonymous group that calls itself Valiant Varriors. The report drew links between the company founder Ms Hoan and Koh Kim Chuan, which the report says is her brother-in-law and legal owner of Changsha Best. Best World' s legal counsel Robson Lee said the Valiant Varriors report is being reviewed and a response will be issued shortly. Best World, in a separate announcement, requested for its trading halt called on April 24 to be lifted on Thursday morning. The company meant to lift the trading halt on May 6, but had got an extension ahead of its quarterly results release. Prior to the trading halt on April 24, Best World shares were down 8.99 per cent at $1.62 on volume of 8.7 million shares as at 11.25am, following the Bonitas report. Days after the report, the Singapore Exchange' s (SGX) regulatory arm ordered a review of Best World' s China business to address all matters raised by Bonitas. Separately, SGX also granted a two-month extension until June 30, 2019 for the company to convene its annual general meeting. On Wednesday night, Best World posted a 79 per cent jump in net profit for the first quarter to $10.3 million from $5.8 million a year ago. The company attributed the performance to strong sales growth across most of the group' s markets, with outperformance most pronounced in China from strong underlying demand for its DR' s Secret skincare line and the full adoption of its new franchise model.
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positivity88 Veteran	09-May-2019 16:48        positivity88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually the more worrying part is where is the money coming from? if sales is fake then all along all the dividends come from where? if they are engaged in direct sales maybe they will get a fine slap or something by PRC regulators but then business affected and stock maybe go down to $1.00 the worst is if Money Laudering is involved or a ponzi scheme involved then really big problem liao. can really become $0.00 anyway damage is done even reopen also who dare to buy.. just like noble.. as long as they cant win a court case against bonitas will mean bonitas is right and bye bye world
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