Best World

While selective capital reduction is not a voluntary offer, but the ultimate goal that our Chairwomen want is to delist (after the capital reduction reduces the free float <10%) and so it needs a "fair and reasonable" offer to do so.

As per IFA, Chairwomen are been generous in their breakup fee a big contrast to those red/white folks in suits.

Best World’s exit offer ‘fair and reasonable’, says independent financial adviser

Best World made an exit offer by way of a selective capital reduction in April in a move to delist the personal-care products company, raising the price to S$2.56 a share in cash in late May – up from S$2.50 previously. It also said it had no intention to revise the offer price.

According to Evolve Capital Advisory’s computations, the estimated value of each Best World share ranges between S$1.36 and S$2.69. Given that the final exit offer price is within the fourth quartile of this range, the offer is thus deemed “fair”.

https://www.businesstimes.com.sg/compani...al-adviser

(25-06-2024, 09:42 AM)weijian Wrote: While selective capital reduction is not a voluntary offer, but the ultimate goal that our Chairwomen want is to delist (after the capital reduction reduces the free float <10%) and so it needs a "fair and reasonable" offer to do so.

As per IFA, Chairwomen are been generous in their breakup fee a big contrast to those red/white folks in suits.

I am inclined to think that the candid Q&A during the earlier in-person AGM went well with shareholders, given the responses provided by the BOD. Sometimes, what is lacking is the opportunity to sit down at the same table to clarify things.

Based on the high approval % of the EGM resolutions(delisting), it looks like both OPMIs(most) and controlling have achieved a favorable outcome(endgame) :
https://links.sgx.com/FileOpen/BWIL%20An...eID=812299