Accordia Golf Trust to Sell All Its Golf Courses

News about Accordia Golf Trust

Following a non-binding proposal received at the end of last year, Accordia Golf Trust has agreed to divest of all its 88 golf courses (along with memberships and debts) to Accordia Golf Co. Ltd.

The offer of ¥61,800 million correspond to about S$0.732 per unit, about 5.1% above adjusted net asset value.

Should the operation be approved during the extraordinary general meeting, this will effectively allow the delisting of the trust.

Accordia Golf Trust
Price0.725 SGD
NAV54.860 JPY
Yield (4 quarters)5.93%