- Business
- Best World International Limited (SGX:CGN), founded in 1990 and headquartered in Singapore, is an investment holding company that develops, manufactures, and distributes premium skin care, personal care, beauty, health, and wellness brands through diversified channels including direct-selling networks, franchises, retail, and logistics. The company offers core products such as DR's Secret skincare, AVANCE nutritional supplements, Optrimax weight management solutions, AESTIER skincare, and PentaLab wellness items; nutritional supplements, personal care products, and healthcare equipment distributed via its proprietary BWL direct-selling platform, lifestyle centers in China, and manufacturing facilities in Singapore and Hangzhou, China. It operates in over 13 markets with customers spanning more than 70 countries across Asia, Oceania, the Middle East, North America, and Europe, targeting beauty and health enthusiasts through online/offline direct sales, franchises, and wholesale. In 2024, Best World pursued privatization through a selective capital reduction offering Eligible Shareholders S$2.56 per share--a premium over recent trading prices and adjusted NAV--culminating in delisting from the SGX-ST effective October 11, 2024, following shareholder approval at an extraordinary general meeting in July 2024 and court confirmation; this strategic shift enables greater operational flexibility amid economic challenges, reduced regulatory costs, and focus on long-term growth without capital market reliance.