SUBSCRIBERS
Accordia Golf Trust reveals its parent is behind offer to buy entire portfolio
Published Fri, Dec 20, 2019 · 09:50 PM
Singapore
JAPAN-BASED business trust Accordia Golf Trust, which last month saw units surge on the potential sale of all 88 golf courses in its portfolio, revealed on Friday that the offer to buy up the assets came from its own parent.
Accordia Golf Co, which has a controlling stake of 28.9 per cent in the trust, was behind the non-binding proposal disclosed on Nov 28, the manager has said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
US: Wall St opens higher after Fed leaves interest rates alone