Accordia Golf Trust gets non-binding bid for its golf courses

Novelty Japan pens at DaisoNovelty Japan pens at Daiso

Accordia Golf Trust has received a non-binding proposal for a potential deal to divest all of its interests in its golf courses, the trust said in a filing to SGX Thursday.

“The trustee-manager is currently evaluating the non-binding proposal and will appoint professional advisers to assist with its evaluation,” Accordia Golf Trust said.

“There is no certainty or assurance whatsoever that the receipt of the non-binding proposal or any discussions which may take place pursuant to the non-binding proposal will result in any transaction,” it added.

The trust advised unitholders to exercise caution when trading in the units.

Accordia Golf Trust has requested a trading halt on its units.

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