Sias asks Accordia Golf Trust to address concerns over golf course divestment
Add BT as a preferred sourceSingapore
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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Stocks to watch: OCBC, OUE, SIA Engineering Company, OUE Reit
OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029
Asia’s wealthy families shed taboo on succession planning as US$83 trillion changes hands: UBS
