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.

While you’re here, we’re hoping you can help us out.

Shenton Wire has been providing you with quick news and market analysis. But we need your support to continue to bring you the news you’ve come to expect and to expand our reach beyond Singapore.

Your monthly contribution will directly fund our journalism.

S$2     S$4       S$8

S$18       S$28       S$88

We also accept PayPal contributions

Check your existing account here and sign in to Shenton Wire here.

Contact us about other contribution levels or for corporate subscriptions and article syndication.