Singaporean securities regulator expects review of Best World comments

Singaporean securities regulator expects review of Best World comments

A short-seller’s report on Best World International which caused the company’s share price to drop by 9 percent is widely expected to be subject to an independent review, according to an article published by Reuters.

The short seller made fraud allegations against the Singapore-listed firm, which specialises in the development and distribution of premium skin care, personal care and wellness products, and the country’s securities regulator is anticipating an investigation.

“We expect the company to call for a full independent review of all matters raised in the (short-seller) report so that shareholders will have a complete picture and can make informed decisions,” said Singapore Exchange Regulation in a statement, per Reuters.

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