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    CGN   SG1DG3000004

BEST WORLD INTERNATIONAL LIMITED

(CGN)
  Report
Delayed Singapore Stock Exchange  -  03:13 2019-05-09 am EDT
1.360 SGD   -16.05%
08/11Best World International Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
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07/25REPLACE - ANNUAL GENERAL MEETING : : Voluntary
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07/11Best World International to Submit Resumption Proposal to Singapore Exchange Regulation
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Best World International : Results Of Equal Access Share Buyback Offer

03/07/2022 | 11:20am EDT

BEST WORLD INTERNATIONAL LIMITED

(Company Registration Number: 199006030Z)

(Incorporated in the Republic of Singapore)

RESULTS OF EQUAL ACCESS SHARE BUYBACK OFFER

Unless otherwise defined, capitalised terms herein shall bear the meanings given in the off-market equal

access share buyback offer announcement dated 31 December 2021 (the "Equal Access Offer

Announcement") and the offer letter in relation to the Equal Access Offer dated 17 January 2022 (the

"Offer Letter").

1. RESULTS OF EQUAL ACCESS SHARE BUYBACK OFFER

  1. Further to the announcement of the closing of the Equal Access Offer dated 28 February 2022, the Board wishes to announce that the Equal Access Offer was met with an encouragingly positive response, with the Total Tendered Shares representing more than double our Maximum Buyback Amount of 54,410,011 shares.
  2. The Company will arrange for payment to be made to successful Accepting Shareholders in accordance with the settlement procedures set out in the Appendix to the Offer Letter.

2. DIRECTORS' RESPONSIBILITY STATEMENT

2.1 The Directors (including those who have delegated detailed supervision of the preparation of this announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this announcement are fair and accurate and that no material facts have been omitted from this announcement, and they jointly and severally accept responsibility accordingly.

3. CAUTIONARY STATEMENT

  1. Shareholders are advised to read this announcement and any further announcements by the Company carefully. Shareholders and potential investors should consult their stockbrokers, bankers, solicitors or other professional advisers if they have any doubt about the actions they should take.
  2. Shareholders are further advised that this announcement serves as only an update to shareholders and does not constitute an offer.

By Order of the Board

BEST WORLD INTERNATIONAL LIMITED

Huang Ban Chin

Chief Operating Officer and Executive Director

8 March 2022

1

Disclaimer

Best World International Limited published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2022 16:19:02 UTC.


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Sales 2021 580 M 419 M 419 M
Net income 2021 154 M 111 M 111 M
Net cash 2021 475 M 343 M 343 M
P/E ratio 2021 4,81x
Yield 2021 -
Capitalization 740 M 549 M 535 M
EV / Sales 2020 0,74x
EV / Sales 2021 0,46x
Nbr of Employees -
Free-Float 31,9%
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Managers and Directors
Beng Mui Hoan Co-Chairman, Group Chief Executive Officer & MD
Nee Moi Tan Co-Chairman & President
Sugiharto Husin Senior Group Manager-Information Systems
Ban Chin Huang Chief Operating Officer & Executive Director
Tiu Angie Group Manager-Human Resources & Administration
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