According to Best World, it expects "growth headwinds" in China, where it has a heavy presence.
The group of controlling shareholders of Best World International (SGX:CGN
) are offering $2.50 per share to the remaining shareholders to buy them out via a selective capital reduction offer.
The offer, which was flagged more than a week ago, will be put in front of shareholders holding 34.88% of the shares. A nod from a minimum of 75% out of this group is required for the offer to go ahead and for the company to be privatised.
