RHB Research Institute has suspended its coverage on Best World International until findings from a review of the latter's business in China are made public. This follows an order by the Singapore Exchange on Wednesday for Best World to review its business in China.
RHB Research Institute has suspended its coverage on Best World International until findings from a review of the latter's business in China are made public. This follows an order by the Singapore Exchange on Wednesday for Best World to review its business in China
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Broker's take: RHB suspends coverage on Best WorldRHB Research Institute has suspended coverage on Best World International until findings from an independent review ordered by the Singapore Exchange (SGX) on the skincare maker and distributor's business in China are made public. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
SGX orders independent review of issues raised by Best World short-sellerTHE regulatory arm of the Singapore Exchange (SGX) has ordered a review of Best World International's business in China, to address all matters raised in a short-seller report after the stock fell 9 per cent on Wednesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hot stock: Best World tumbles 9% after shortseller Bonitas alleges fraudBEST World International shares fell as much as 11 per cent on Wednesday after short-seller Bonitas Research published a 28-page report that questioned the authenticity of the premium skincare firm's profits. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »