| Latest Forum Topics / Best World |
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very potential to go back $0.10
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beng1102
Elite |
22-Apr-2021 09:42
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I think some kind of corporate action could be coming as mentioned in the last report.   
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Richardlai
Master |
21-Apr-2021 10:05
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My friend who met the directors running the operations in Best World was quite impressed with them and confirmed they are running a pretty good business there in China. He further confirmed it with the auditors involved in the Best World audits.  My friend has operations in China dealing with cosmetics, so I had a chat with him last week.  | ||||
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aaronw.misc
Member |
08-Apr-2021 22:14
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Hi, anyone wishes to close your own long CFDs at S$1.33? Serious question. PM if keen. Thank you.    | ||||
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Observers
Elite |
22-Mar-2021 07:20
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think they cannot touch us. since we also cannot touch their midas and all the other fallen s-chips. correct?
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Observers
Elite |
22-Mar-2021 07:17
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omg what if chinese consumer complain to their govt of hard selling or illegal sales tactics, will china thru singapore govt, force singapore shareholders to cough out compensation?
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TA_Expert
Supreme |
22-Mar-2021 01:22
Yells: "The World has changed" |
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You are right. Foreign companies who are listed in SGX are not subject to Singapore laws. That' s why SIAS cannot do anything at all. This is one of the biggest risks investing in companies that are incorporated in foreign countries.
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uiop1223
Supreme |
21-Mar-2021 22:26
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Go read the fs. Which ctry contributed most profits? Is the mode of operation in that ctry acceptable? Legal?
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meljohn
Senior |
21-Mar-2021 21:19
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Money will only pay tax and themself.
Why no legal action against those directors? |
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phongy45
Senior |
21-Mar-2021 20:59
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funny, auditors and accounts are ok, only the MLM at china have issues.... company making good profits ... why still suspend and why don' t allows dividend be given??? 
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shk363
Elite |
18-Mar-2021 08:55
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sias will maybe hold a bbq session with shareholders
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uiop1223
Supreme |
18-Mar-2021 08:30
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SIAS? They gave award to Midas... remember? 🤣 🤣 🤣 They do nothing when EHT suspend and its clear that this listing is crap.
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Luckystrike
Veteran |
18-Mar-2021 07:10
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What is the role of SIAS in this episode?
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uiop1223
Supreme |
18-Mar-2021 05:17
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Who are the majority shareholders? U think your vote count?
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Apple55
Member |
17-Mar-2021 16:55
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SGX can consider to impose rules similar to the  Financial Exit Criteria  that in the event the Company does not meet the requirements of Rule 1314 of the Listing Manual to exit the Watch-List, it will provide an exit offer to the Company' s shareholders which is fair and reasonable and includes a cash alternative as the default alternative in compliance with Rules 1306, 1308 and 1309 of the Listing Manual. Since BW does not comply with Listing Rules, they should not be given a choice to choose if they want to delist / make an exit offer or not.    |
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softdrink
Member |
17-Mar-2021 16:47
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I do not think SGX did not read this.
Most likely they know something which we do not know yet. Have to agree that most investors kenna hol-land by these 2 aunties. Do not forget they are strong in marketing. $1 product can mark up to $20. They can smoke their way through most investors but not those with eagle eye.
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zillion
Master |
17-Mar-2021 16:41
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So SGX didnt read this that was given to shareholders. Wa kenna hol-land by the 2 pretty Dames!
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uiop1223
Supreme |
17-Mar-2021 14:46
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The top 2 earning approx $8m last FY. Why will they want to delist? Continue to earn big money instead of coming up with own cash and offering the paper loss investor a way out 🤣 🤣
U think mgth stupid? Suspend nevermind. Salaries and bonus continued to be paid... opps! No dividends liao |
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1035834
Senior |
17-Mar-2021 14:24
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If looks back the responses from best world AGM to investors, it seem misrepresentation from management , as what  they told to shareholders is different what they updated . Question 16 reply : The conversion of one mode of distribution to another is a business decision and is not subject to approval or rejection by any authorities. Moreover, the Group&rsquo s subsidiary in Hangzhou has already obtained its Direct Selling license in 2016. It is still too early for us to speculate on the cost impact of the direct selling model in China. However, the Group has sufficient experience in the running of a direct selling operations and do not expect any major difference at this point in time, barring unforeseen circumstances. Any products to be sold or discontinued under the existing direct selling license can be amended by informing the authorities for the purpose of putting it on record. The Group do not expect to meet any difficulty in this area. For avoidance of doubt, every individual skin care product to be included into the direct selling license are required to be approved by the National Medical Products Administration (NMPA). This is what we commonly refer to as product registration. All DR&rsquo s Secret product sold in China currently are approved by the NMPA. In the event a conversion from Franchisee to Direct Selling is triggered, our China subsidiary will notify the relevant authorities to include DR&rsquo s Secret (皙 之 密 ) into the existing direct selling license. |
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3DecadesTrader
Veteran |
17-Mar-2021 14:07
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@Starship, wow, very corny animation!   lolllllllll
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Starship
Supreme |
17-Mar-2021 14:06
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