According to Best World, it expects "growth headwinds" in China, where it has a heavy presence.
"The company believes a privatisation of the company will provide the necessary flexibility to optimise its resources to focus on the longer-term strategies of the business," says Best World.
The offer price of $2.50 is a 12.6% premium over the April 3 closing price of $2.22, and a bigger premium of more than 40% over the closing price on March 21, just before Best World first flagged its intention to make this selective capital reduction.
