The Business Times
business-time-50

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

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

In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

Employers want AI-fluent employees. Hiring them is the challenge

The price of Category B COEs, used to register larger, more powerful cars and electric vehicles, is up 6% at S$130,889.

Cat A hits record S$129,000 as COE rises across the board

Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

In 2027, the combined maximum incentives for EV cars will be lowered to S$20,000 from S$30,000 currently.

Changes to EV incentives, uncertainty over COE framework drive Category A to a new high in ‘re-run of 2025 mania’

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