Best World International:again as the company looks to release its quarterly results. Trading in shares of Best World has been halted since April 24, after its stock price tumbled on the back of a shortseller report that probed the accounting behind the skincare product seller's profits and its sales practices. Based on the most recent extension granted by the Singapore Exchange on April 27, the trading halt was to be lifted on May 6.
In a regulatory filing on Friday after market close, the company noted that it"conducts regular reviews from time to time of strategic options available with a view to enhance shareholder value", but noted that there is no assurance that any transaction will materialise. It added that its board is not aware of any other possible explanation for its share price movements, and that it is in compliance with SGX's listing rules. The counter last traded at 50.
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