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Best World under fire from shareholders at AGM over dividends, director salaries 

Company will engage shareholders further on selective capital reduction at a later engagement dialogue arranged by Sias

Navene Elangovan
Published Fri, Apr 26, 2024 · 06:01 PM

DISGRUNTLED shareholders of beauty product distributor Best World International : CGN 0% raised questions over the lack of dividend payouts and the compensation of directors at the company’s first in-person annual general meeting (AGM) in five years.

Questions were also raised over the mainboard-listed company’s decision to delist via a selective capital reduction at the AGM. The company has proposed to offer S$2.50 per share.

The meeting, which was held at Mapletree Business City on Friday (Apr 26) morning, ran for about two hours and was followed by a separate one-hour session to address concerns specifically on the exit offer.

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