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What's holding back Best World investigation?
We know that after a few months of delay, finally, BWL's export partner agrees to provide the document.
Of course, not all the China partners agree to provide the data citing confidentially reason.
Could this caused the delay?
If not, by now, SGX should had already reviewed the draft report on whether there transactions between 2015 - 2018 is conducted according to commercial terms.
This should be completed in Jan 2020.
In early Feb 2020, we should expect the announcement of key findings as well as receiving the outstanding annual report.
Right?
06 Feb 2020 SGX issued Notice of Compliance to Bestworld (plus quite a few listed company).
(click for link to SGX NOC)
07 Feb 2020 Bestworld confirmed that it will perform the next set of quarterly financial statements for Q1 period from January to March 2020 by 15 May 2020 (or such further period as may be granted by the SGX RegCo).
(click to read BWL reply)
BWL was trading at 136 before suspension.
There are a lot of people discussing on what's a good price to enter when BWL re-open again.
What do you think?
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感恩
Thanks all valuebuddies for helping me in my investment journey.
I learn a lot from you.
We know that after a few months of delay, finally, BWL's export partner agrees to provide the document.
Of course, not all the China partners agree to provide the data citing confidentially reason.
Could this caused the delay?
If not, by now, SGX should had already reviewed the draft report on whether there transactions between 2015 - 2018 is conducted according to commercial terms.
This should be completed in Jan 2020.
In early Feb 2020, we should expect the announcement of key findings as well as receiving the outstanding annual report.
Right?
06 Feb 2020 SGX issued Notice of Compliance to Bestworld (plus quite a few listed company).
(click for link to SGX NOC)
07 Feb 2020 Bestworld confirmed that it will perform the next set of quarterly financial statements for Q1 period from January to March 2020 by 15 May 2020 (or such further period as may be granted by the SGX RegCo).
(click to read BWL reply)
BWL was trading at 136 before suspension.
There are a lot of people discussing on what's a good price to enter when BWL re-open again.
What do you think?
=========== Signature ===========
感恩
Thanks all valuebuddies for helping me in my investment journey.
I learn a lot from you.