Best World acquires remaining 22.5% stake in Malaysian subsidiary for $370,000

SINGAPORE (Dec 28): Direct selling company Best World International has acquired an additional 1.125 million shares in Malaysia-incorporated Best World Lifestyle (BWLSB) for RM 1.125 million ($370,000).

The acquisition will increase Best World’s stake in the company to 100%, from 77.5% previously. BWLSB will become a wholly-owned subsidiary of Best World International.

The acquisition is funded through internal resources, and is not expected to have any material impact on the consolidated net tangible assets per share or consolidated earnings per share of the company for the financial year ending Dec 31, 2017.

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