Accordia Golf Trust reveals its parent is behind offer to buy entire portfolio
Add BT as a preferred source
Annabeth Leow
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.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Great Eastern goes on the high-net-worth offensive, but don’t call it a pivot
UK PM Starmer resigns; new leader to be in place by September
