Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation 

DISGRUNTLED shareholders of beauty product distributor Best World International : CGN 0% raised questions over the lack of dividend payouts and the compensation of directors at the company’s first in-person annual general meeting (AGM) in five years.

Questions were also raised over the mainboard-listed company’s decision to delist via a selective capital reduction at the AGM. The company has proposed to offer S$2.50 per share.

The meeting, which was held at Mapletree Business City on Friday (Apr 26) morning,
ran for about two hours and was followed by a separate one-hour session to address concerns specifically on the exit offer.