Accordia Golf teeing up for $500m SG business trust IPO

By Rev Hui
12 Jun 2014

Japan’s Accordia Golf is planning to start premarketing for its proposed business trust offering of golf courses on to the Singapore Exchange next week, according to bankers on the trade.

Citi and Daiwa are managing the IPO, which could be worth around $500m, and the meetings are tentatively set to run for two weeks.

Accordia is looking to inject 90 of its 133 golf courses into the business trust, which is likely to be the first in ...

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