Best World International fell by as much as 21 per cent at one point yesterday after a Chinese government regulator said it is cracking down on pyramid schemes.
China's State Administration for Industry & Commerce (SAIC) announced yesterday a new three-month campaign against recruitment by pyramid sellers.
Shares of Singapore-listed Best World International, which is a direct selling firm and beauty product distributor, closed down 12 per cent or 18.5 cents at $1.355, although they were down 21 per cent earlier in the trading session.
http://www.straitstimes.com/busines...st-world-shares-slump-on-china-crackdown-news
