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Best World files defamation suit against short seller Bonitas; calls to lift trading halt following 1Q results release

Michelle Zhu
Michelle Zhu5/9/2019 07:50 AM GMT+08  • 2 min read
Best World files defamation suit against short seller Bonitas; calls to lift trading halt following 1Q results release
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
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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.


See: SGX RegCo queries Best World; expects full independent review

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