The Business Times
business-time-50
SUBSCRIBERS

Accordia Golf Trust reveals its parent is behind offer to buy entire portfolio

google-preferred-sourceAdd BT as a preferred source
Annabeth Leow

Annabeth Leow

Published Fri, Dec 20, 2019 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

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.

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback

TRENDING NOW

DBS filed the bankruptcy application after serving statutory demands to the directors of Autobahn Rent A Car in December 2025.

Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS

While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

Higher costs, lower returns: Why are Singaporeans still betting on real estate?

Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

Loyang Valley sits on a 840,648 sq ft plot of land, which now houses 362 apartments.

Loyang Valley sold for S$880 million to SingHaiyi-led consortium

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More