Posts: 14,916
   
Threads: 10,449
    
Likes Received: 2,350 in 2,147 posts
Likes Given: 398
THU, NOV 11, 2021 - 11:09 PM UPDATED THU, NOV 11, 2021 - 11:10 PM
NISHA RAMCHANDANI
......
In a separate announcement, Best World also flagged that it is considering a delisting.
It said: "After careful consideration and taking into account the prevailing market conditions and the circumstances surrounding the company (which includes the lack of clarity as to whether the Ministry of Commerce of China will be accepting filings for the expansion of coverage of existing direct selling licenses within a reasonable timeframe and in the foreseeable future), the board has come to the view that it might be appropriate to consider a delisting and will be exploring all feasible options to achieve the same."
https://www.businesstimes.com.sg/compani...-delisting
Posts: 12,264
   
Threads: 513
    
Likes Received: 2,589 in 2,295 posts
Likes Given: 816
Posts: 12,264
   
Threads: 513
    
Likes Received: 2,589 in 2,295 posts
Likes Given: 816
Posts: 22,398
   
Threads: 6,351
    
Likes Received: 4,133 in 3,239 posts
Likes Given: 490
O will be surprised if they can gather enough to do a decent offer.
It's MLM is worth something just not that much.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
Posts: 997
   
Threads: 3
    
Likes Received: 302 in 248 posts
Likes Given: 345
China will never grant such licence hence BW went around it with its fanciful export model, etc. Takes a short seller to bring all these dirty tricks out. If continue, Xi will go after those responsible for it.
Posts: 669
   
Threads: 1
    
Likes Received: 290 in 208 posts
Likes Given: 12
It was a beautiful story which Best World sold to its investors, that somehow although MLM is illegal in China they can produce something that walks like a duck, quacks like a duck and yet somehow is not a duck.
Investors were willing to buy into this public admission of engaging in illegal commercial activity on the pretext that once the government legalizes everything will be well. These people have only themselves to blame for losing their pants.
The last traded price before suspension is $1.36. Without the China growth story this company probably isn't worth anywhere close, so any offer is likely to come at a steep discount to that.
Posts: 4
   
Threads: 0
    
Likes Received: 1 in 1 posts
Likes Given: 0
https://kelvestor.com/blog/whats-a-fair-...rnational/
There is a link to a Telegram Group set up at the end of this blog to help the minority Best World Shareholders fight for their interest. Hope voices of minority Shareholders can be taken seriously by SGX. Please share it, especially with Best World Shareholders.
(This post was last modified: 17-11-2021, 12:01 AM by
IAMME.)
Users browsing this thread: 3 Guest(s)