According to the company, the review has thus far been a “comprehensive exercise”. Its scope was first determined in March, but subsequently expanded in May, following the issuance of a Notice of Compliance from SGX RegCo.
SINGAPORE (Dec 13): Short-sellers’ target Best World International, which has been suspended pending an independent review, is “cautiously optimistic” that fieldwork for the review will be done by mid-December and that the draft report will be sent to Singapore Exchange Regulation (SGX RegCo) by early January — reaffirming an indicative timeline that was previously disclosed.
The independent review is likely to be released in early February, and Best World would then be able to call for a muchdelayed AGM for FY2018.
