ACCORDIA Golf Trust on Thursday posted a distribution per unit (DPU) of 1.79 yen (2.22 Singapore cents) for its fiscal third quarter ended Dec 31, up from 1.57 yen in the year-ago period. 

THE trustee-manager of Accordia Golf Trust (AGT) will commission a valuer to assess the value of the trust's golf courses and the holding company of the golf courses, it said in response to queries from the Singapore Exchange (SGX) on Thursday.

ACCORDIA Golf Trust's (AGT) trustee-manager will commission a valuer to assess the value of AGT's golf courses and the golf courses' holding company, it said in response to queries from the Singapore Exchange (SGX) on Thursday.

RECENT developments at Accordia Golf Trust (AGT) are a timely reminder that privatisation is not the only way that management can separate public companies from their assets.

ACCORDIA Golf Trust (AGT) said its audit and risk committee had considered a potential conflict of interest in appointing Daiwa Capital Markets Singapore as one of its joint financial advisers to assist with evaluating a non-binding proposal for the sale of all its golf courses.

ACCORDIA Golf Trust (AGT) has said its audit and risk committee had considered a potential conflict of interest in appointing Daiwa Capital Markets Singapore as one of its joint financial advisers to assist with evaluating a non-binding proposal for the sale of all its golf courses.

THE following companies saw new developments that may affect trading of their shares on Monday:

JAPAN-BASED business trust Accordia Golf Trust, which last month saw units surge on the potential sale of all 89 golf courses in its portfolio, revealed on Friday that the offer to buy up the assets came from its own parent.

LAST month's non-binding proposal to buy over all of Accordia Golf Trust's golf courses was from parent company Accordia Golf Co, the manager disclosed on Friday.

ACCORDIA Golf Trust units on Friday surged S$0.10, or 16.67 per cent, to close at S$0.70 following news that it received a non-binding proposal from an unidentified party which might result in the trust selling its interests in all of its golf courses.