Best World files defamation suit against short seller Bonitas; calls to lift trading halt following 1Q results release
Michelle Zhu • • 2 min read
SINGAPORE (May 9): Best World has issued a statement that says it “strongly refutes” an April 24 short seller report by Bonitas Research, where it alleged the group’s sales in China are a fraction of what was reported to its shareholders, among othe
Follow us on Facebook and join our Telegram channel for the latest updates.
SINGAPORE (May 9): Best World has issued a statement that says it “strongly refutes” an April 24 short seller report by Bonitas Research, where it alleged the group’s sales in China are a fraction of what was reported to its shareholders, among other issues raised in the report which the group insists are untrue.
It adds that Best World and its co-founders have commenced defamation proceedings against Bonitas and its founder in the High Court of Singapore.
Never miss out on important financial news and get daily updates today
×
Download The Edge Singapore App
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
