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Appointing Daiwa Capital to evaluate Accordia Golf Trust's sale of golf courses is par for the course
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Vivienne Tay
Published Thu, Dec 26, 2019 · 09:50 PM
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Singapore
ACCORDIA Golf Trust (AGT) said its audit and risk committee had considered a potential conflict of interest in appointing Daiwa Capital Markets Singapore as one of its joint financial advisers to assist with evaluating a non-binding proposal for the sale of all its golf courses.
The audit and risk committee is of the view that any potential conflict of interest has been "reasonably resolved and managed", the manager said in response to queries from the Singapore Exchange on Dec 24.
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