Best World shares down 9% on attacks by short sellers Bonitas Research and Valiant Varriors

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SINGAPORE (April 24): Best World International, the distributor of skincare, nutritional and wellness products, has been hit by damning reports by two separate short sellers on Wednesday morning: Bonitas Research and Valiant Varriors.

As at 1pm, shares in Best World are down 16 cents to S$1.62 with 8.8 million shares traded.

Bonitas says Best World is a “fraud” and alleges its sales in China are a fraction of what was reported to its shareholders... (Click here to read the full story)