30 Jun '14, 8pm

Business › Golf course operator Accordia tees up for IPO in...

A Japanese golf course operator said Monday it is planning a public listing in Singapore, aiming to raise up to S$782 million ($626 million) through an initial public offering. Accordia Golf Trust (AG Trust) said in a preliminary prospectus lodged with the city-state’s central bank that it would offer 782 million units at between 97 Singapore cents and S$1 in the IPO slated for July. If the IPO goes through, it will become the first business trust backed by golf courses to be listed in Asia, according to media reports. Listing on the Singapore Exchange is planned for August 1. Proceeds from the IPO will be used to fund the acquisition of the trust’s initial portfolio comprising 89 golf courses in Japan, most of which are located in the country’s biggest metropolitan areas, the prospectus said. Japan is the world’s third largest golf market after the U.S. and Britain, accor...

Full article: http://www.japantoday.com/category/business/view/golf-cou...

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Golf Operator Plans Singapore Trust IPO

online.wsj.com 30 Jun '14, 12pm

SINGAPORE—Accordia Golf Co., Japan's largest golf-course operator, plans to raise up to 782 million Singapore dollars (US$...

Accordia Golf Plans Singapore Trust IPO - Wall ...

online.wsj.com 30 Jun '14, 10am

SINGAPORE—Accordia Golf Co., Japan's largest golf-course operator, plans to raise up to 782 million Singapore dollars (US$...

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