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.
