The Straits Times / The Business Times News on Best World

Best World founders raise stake

01 September 2004
The Business Times

BEST World International directors and substantial shareholders have been buying up shares of the healthcare and lifestyle products marketer. Executive chairman Doreen Tan and chief executive Dora Hoan each bought 85,000 shares each at 23 cents apiece and another 15,000 shares each at 23.5 cents apiece on the open market yesterday. The co-founders of Best World are each holding a 33.7 per cent stake now, from 33.6 per cent previously. Meanwhile, Serial System executive chairman Derek Goh Bak Heng continued his gradual accumulation of Best World shares on Monday, buying 5,000 shares on the open market at undisclosed prices. He now has a direct 6.772 per cent stake in the company. The counter climbed 1.5 cents or 6.8 per cent to 23.5 cents yesterday.

Compiled by KENNETH LIM