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Poor tee-off for Accordia Golf Trust

Published Fri, Aug 1, 2014 · 10:00 PM
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ACCORDIA Golf Trust (AG Trust) sank as much 17.5 per cent to 80 Singapore cents yesterday in its trading debut on the Singapore Exchange (SGX).

The counter, which was priced at 97 Singapore cents a unit in the initial public offering, opened trading at 87 Singapore cents at 2pm, and declined throughout the rest of the afternoon before recovering to close at 85 Singapore cents, still down 12.4 per cent. Some 64.3 million shares changed hands, making the trust the fourth most traded on the exchange. AG Trust …

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