Best World admits owner of China import agent is CEO's brother-in-law

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SINGAPORE (May 13): Best World International, whose shares have been suspended by SGX RegCo, has admitted to a relationship between its primary import agent in China that wasn’t previously disclosed.

Koh Kim Chuan is indeed brother-in-law of Dora Hoan, the company’s co-chairman and group CEO, according to the company in an early announcement on Monday.

In April, Best World was attacked by short sellers, alleging that the company’s sales figures in China have been inflated.

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