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THE BEST IS YET TO BE
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phongy45
Senior |
09-Nov-2020 20:53
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Best World International Posts QTRLY Revenue S$138.5 MLN 13 Aug 2020 03:38:07 PM ..... Aug 13 (Reuters) - QTRLY REVENUE S$138.5 MILLION VERSUS S$98.3 MILLION.REMAIN CAUTIOUS ABOUT GROUP' S PERFORMANCE OUTLOOK FOR NEXT 12 MONTHS.QTRLY PROFIT ATTRIBUTABLE S$28.8 MILLION VERSUS S$26.7 MILLION.CHINA RAISING IMPORT DUTIES OF US SKIN CARE PRODUCTS MAY REDUCE PROFITABILITY OF GROUP' S CHINA UNITS IN NEXT 12 MONTHS. .... source SGX
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like2learn
Veteran |
09-Nov-2020 17:34
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alas, i also think so, most likely want to get out since money locked up so long. will be interesting to know how many hardcore BW investor supporters there are. if fall low enuff, maybe high chance to gena privatized ?
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Starship
Supreme |
09-Nov-2020 16:59
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Best World submits trading resumption proposal to SGX RegCo MON, NOV 09, 2020 - 12:04 PM BEST World International has submitted a proposal for the resumption of trading of its shares to the regulatory arm of the Singapore Exchange (SGX), it said on Sunday night. Trading in Best World' s shares has been suspended since May 2019. In an exchange filing, the skincare products firm said that it submitted a resumption proposal to SGX RegCo on Sunday, which addresses concerns raised on independent reviewer PricewaterhouseCoopers Advisory Services' (PwC) observations and recommendations, the legality of its sales and distribution model in China, and the lack of clarity on its financial position. SGX RegCo had said in July this year that Best World would need to submit a proposal to resume trading that addresses these concerns. It would then consider the company' s proposal and its FY2019 audited financial statements before making a determination on Best World' s continuing listing on the Singapore bourse. " In the absence of sufficient clarity on the actual financial position of the group and legality of the business including compliance with PRC regulations, trading in the shares of the company cannot resume in a fair, transparent and orderly manner," SGX RegCo had said. The statement by SGX RegCo came after an independent review by PwC of Best World' s premium skincare distribution business in China uncovered " questionable deposits" into the personal bank accounts of various individuals by its franchisees, as well as other potential breaches of Singapore' s Companies Act. The findings by PwC also resulted in auditor Ernst & Young issuing a disclaimer of opinion on Best World' s financial statements for FY2018. PwC was hired to review the financial affairs of Best World after concerns were raised by The Business Times in February last year over its sales practices as well as that of its China franchisees. In its filing on Sunday, Best World said: " Shareholders are reminded that the trading suspension of the company' s shares will only be lifted upon the fulfilment of the conditions required by SGX RegCo, including the finalisation of the group' s audited financial statements for FY2019, and SGX RegCo indicating that it has no objections to the resumption proposal." https://www.businesstimes.com.sg/companies-markets/best-world-submits-trading-resumption-proposal-to-sgx-regco |
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beng1102
Elite |
09-Nov-2020 14:06
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Waiting for approval will take a lot of time. Resumption likely include a plan to buy back and support the share price.
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St.Maximus
Supreme |
09-Nov-2020 06:05
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Can change the thread name to the worse is yet to come? What an irony, the company name and thread name. Extremely disappointing management and directors. | ||||
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zandlery
Supreme |
09-Nov-2020 00:11
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Realistically, most likely plunge by minimum 30% when resume trading.
Expect many shareholders will rush to exit at first han
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like2learn
Veteran |
08-Nov-2020 23:46
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time for bestworlders to stand by to assemble - been a long long time since the best is yet to be. 
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guards80
Supreme |
08-Nov-2020 23:23
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Best World: Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities :: SUBMISSION OF RESUMPTION PROPOSALhttp://repository.shareinvestor.com/rpt_view.pl/id/19410407.1/type/sgxnet/original_filename/1 |
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tt1010880
Senior |
24-Oct-2020 20:17
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Just broke out - https://youtu.be/MA6JtjiLN98 | ||||
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like2learn
Veteran |
24-Oct-2020 14:33
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Based on previous announcment in sept : " ...Factoring in discussions with the AC and management to complete the FY2019 audit, it is expected that the audited financial statements will be finalised by November 2020.....The Company is planning to submit the Resumption Proposal to SGX RegCo in October 2020...." ======== hope next month can resume, may be a gd idea for shareholders to check the progress with BW IR regarding proposal in 2 wks' time ... hope it' s the final countdown for resumption after soooooooo long ...... |
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Starship
Supreme |
24-Oct-2020 13:49
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meljohn
Senior |
24-Oct-2020 13:22
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Sgx is alway sleeping should improve service to due with those companies. Disappointed | ||||
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Observers
Elite |
24-Oct-2020 12:33
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Okay what, suspended doesnt mean cannot issue dividend. this year already give 5 cents right? better than some china company every year say got massive profits but blame china govt dont let them pay dividend, issue with creditor ding dong many years cannot resolve but still continue trading on sgx? | ||||
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uiop1223
Supreme |
24-Oct-2020 10:16
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Investor999 plays contra leh. At least im creditor to SIA.. i hold MCBs | ||||
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uiop1223
Supreme |
24-Oct-2020 10:15
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SGX is giving a damn. Thats why BW is suspended
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beng1102
Elite |
23-Oct-2020 16:57
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Even ex-pm' s son is " asissting" in CAD investigation. Any fraud committed by these directors, do u think the authority would give a damn.
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uiop1223
Supreme |
23-Oct-2020 14:24
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I said before and i repeat again : if its accounting errors only, why take so long? No fraud mentioned in pwc report because it doesn want to exposure itself to unnecessary liabilities. PWC only engaged to express opinion and we all know that PWC is uncomfortable with the business modus operandi | ||||
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easywin
Supreme |
23-Oct-2020 14:05
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Game over? | ||||
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uiop1223
Supreme |
23-Oct-2020 11:43
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Lol. Starship gifs are always so funny | ||||
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Starship
Supreme |
23-Oct-2020 10:54
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