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Accordia Golf Trust receives proposal from potential buyer for all its golf courses

ACCORDIA Golf Trust has received a non-binding proposal from a potential buyer for its interests in all of its golf courses.

The trust's manager is evaluating the proposal and will appoint professional advisers, it said in a bourse filing on Thursday after market close.

There is no certainty or assurance that this will result in any transaction, the manager added.

Accordia had earlier in November declared a distribution per unit of 2.07 yen (2.61 Singapore cents) for its half-year ended Sept 30 - the highest distribution since the trust was listed in Aug 2014.

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Its H1 net profit was up 29 per cent to 3.5 billion yen mainly due to improved performance at the golf courses.

The trust had requested a trading halt on Thursday afternoon before lifting it on Friday before market open.

Its units last traded unchanged at S$0.60 on Thursday.