Best World offers $2.50 per share for privatisation

The exit offer is at an 82.48% premium over 2023 net asset value.

Best World International Limited has made an exit offer of $2.50 per share to eligible shareholders via selective capital reduction to realise its privatisation plans.

The company mentioned its privatisation will provide the business flexibility to optimise its resources for longer-term strategies.

The proposed share price of $2.50 is 42.9% higher than the shares’ last traded price of $1.75 on 21 March, the last full day of trading prior to the company’s announcement on delisting.

In addition, the share price is 12.6% higher than the last traded price of $2.22 on 3 April. 

It also represents a premium of 82.5% over the net asset value per share of $1.37 for the last financial year.

The exit offer allows eligible shareholders to completely exit their investment in the Shares without incurring brokerage and other trading costs.