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Accordia Golf Trust units from S$0.97 each

Published Mon, Jul 21, 2014 · 10:00 PM
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ACCORDIA Golf Trust (AG Trust), a business trust owning golf courses in Japan, has launched its initial public offering for a Singapore listing to raise gross proceeds of up to S$782 million, the biggest IPO on the Singapore Exchange so far this year.

The trust is offering 782,025,000 new units at between S$0.97 and S$1 per unit, with the Singapore public offering taking up 41,163,000 units. The majority of the units are offered to Japanese investors "by way of public…

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