Best Group
Found 4 recent publications
Best Group shares tumble following accounting scandal
Real estate firm Best Group is facing market pressure after revealing that the amount of funds unlawfully taken from its subsidiary is more than double the initial estimate. Following the announcement and concerns over the company's accounting practices, shares have fallen by 6%.
Serious audit findings: 2.2 million shekels of Best funds financed work on properties of controlling shareholders
An audit at the Best group revealed that 2.2 million shekels from a subsidiary were used to pay for private property work for controlling shareholders. The company will restate its 2025 and Q1 2026 financial reports.
"The amount taken by the controlling shareholders jumped to 2.2 million": Best stock loses 6.5%
An internal audit at the Best Group has changed the picture: the amount attributed to the controlling shareholders has tripled compared to the first report. The company will now restate its financial statements for 2025 and the first quarter of 2026, the same reports that were included in the IPO prospectus.
Best in unusual announcement: Owners mistakenly took about 1 million shekels from the company - and returned it
The real estate group Best, which went public last June, announced an investigation due to concerns about financial irregularities in a subsidiary. According to the announcement, while the company was private, the controlling shareholders and a relative took — they claim by mistake — a sum of up to 1 million shekels from the subsidiary's funds without required approvals. Upon discovery, the amount...