Sias asks Accordia Golf Trust to address concerns over golf course divestment
Singapore
THE Securities Investors Association (Singapore), or Sias, has asked the management of Accordia Golf Trust (AGT) to address three key shareholder concerns over a planned divestment of its golf courses to its sponsor Accordia Golf.
In a letter to AGT's manager on Wednesday, Sias noted that the valuations of the golf courses have been badly hit by the pandemic. As at May 31, they were 5.4 billion yen (S$70.8 million) lower than their Dec 31, 2019 appraised value of 141.8 billion yen. That was before the Covid-19 outbreak.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
US: Wall St opens higher after Fed leaves interest rates alone