Skincare products maker Best World International surged as much as 16 percent on Friday after company's founder bought shares.
At 0740 GMT, Best World shares were up 13 percent to S$1.17 after rising as much as S$1.195 earlier in the session. Almost 44 million shares changed hands compared to average volume of 5 million.
Dora Hoan, Best World's founder and chief executive officer, on Thursday bought 200,000 shares in the company worth S$237,750.
The purchase brings her total direct stake in the company to 5.66 percent from 5.61 percent earlier. Hoan now owns 40.73 percent of Best World, up from 40.69 percent previously.
The rebound in shares came after the stock had tumbled earlier this week on concerns over China's crackdown on certain direct selling companies.
Best World has clarified that while it held a direct selling licence, it has not converted its business in China to direct selling yet.
Stock is up 74 percent so far this year, giving it a market capitalisation of S$625 million.
