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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
PU
07/11Best World International to Submit Resumption Proposal to Singapore Exchange Regulation
MT
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Best World International : Results Of Equal Access Share Buyback Offer

06/16/2022 | 12:13pm 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 26 April 2022 (the "Equal Access Offer Announcement") and the offer letter in relation to the Equal Access Offer dated 12 May 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 9 June 2022, the Board wishes to announce that the Equal Access Offer met with an encouragingly positive response, with the Total Tendered Shares well exceeding the Maximum Buyback Amount of 48,969,010 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

17 June 2022

1

Disclaimer

Best World International Limited published this content on 17 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2022 16:12:03 UTC.


© Publicnow 2022
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Financials
Sales 2021 580 M 404 M 404 M
Net income 2021 154 M 107 M 107 M
Net cash 2021 475 M 331 M 331 M
P/E ratio 2021 4,81x
Yield 2021 -
Capitalization 740 M 549 M 516 M
EV / Sales 2020 0,74x
EV / Sales 2021 0,46x
Nbr of Employees -
Free-Float 31,9%
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Income Statement Evolution
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 Marketing Manager
Tiu Angie Group Manager-Human Resources & Administration
Sector and Competitors