Is the approval time for direct selling licence in China really as long as 24-36 months, as Best World has guided in a circular?
Boon of Valuebuddies.com checked out the Ministry of Commerce website, & found that the approval time varied from about 4 to 8 months for the 3 Direct Selling licenses issued this year
Probably Best World insiders had an inkling that their company's application is going to be approved not too long from now.
That would be very good news for the share price.
宝丽（中国）美容有限公司
Application date: 13-Dec-2013
Approval date: 03-April-2014
Approval time : Less than 4 months
理想科技集团:
Applied on 08-July-2013
Approved on 07-Jan-2014
Approval time = 6 months
康美药业股份有限公司
Application date: 22-May-2013
Approval date: 07-Jan-2014
Approval time : Less than 8 months
