The price also represents a premium of 12.9% and 5.1% to AGT’s adjusted net tangible assets (NTA) and net asset value (NAV) per unit respectively based on the unaudited consolidated financial results for the financial year ended March 31, 2020.
SINGAPORE (June 29): The manager of Accordia Golf Trust (AGT) announced that it has entered into a conditional agreement to fully divest its interests in its 88 Japan golf courses to Accordia Golf for a total cash consideration of JPY 61.8 billion ($804.1 million).
The purchase consideration translates to some 73.2 cents per unit of AGT, which represents a 29.5% premium above the Trust’s closing price of 56.5 cents per unit on June 23, the last full trading day immediately prior to the announcement.
