General Announcement::SGX welcomes Accordia Golf Trust to Mainboard

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
01-Aug-2014 15:46:01
Status
New
Announcement Sub Title
SGX welcomes Accordia Golf Trust to Mainboard
Announcement Reference
SG140801OTHRAIG9
Submitted By (Co./ Ind. Name)
Loh Wei Ling
Designation
Vice President
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange ( SGX ) is pleased to welcome the listing of Accordia Golf Trust on Mainboard under the stock code ADQU .

Accordia Golf Trust is a business trust focused on investments in golf course assets in Japan. Its initial portfolio comprises 89 golf courses in Japan, valued at approximately S$1.85 billion.

Yoshihiko Machida, CEO and Executive Director of Accordia Golf Trust Management Pte. Ltd., the trustee-manager of Accordia Golf Trust, said: Accordia Golf Trust is the first business trust comprising investments in golf course assets in Japan to be listed on SGX. Accordia Golf Trust will provide Unitholders with a unique opportunity to invest in a new asset class, providing access and exposure to the Japan golfing market and an acquisition platform that delivers growth opportunities in the golfing sector in Japan. We would like to thank everyone for their support for this new asset class. With the support and expertise of our Sponsor Accordia Golf Co., Ltd. and our experienced management team, we will strive to deliver stable and attractive distribution yield to all investors.

Lawrence Wong, Head of Listings at SGX, said: We are delighted to welcome Accordia Golf Trust to SGX. This is SGX's first golf course business trust, and it demonstrates the flexibility of our product structure for fund raising by different types of suitable assets. Our investors will also have another choice to access the lifestyle industry in Japan.

With an estimated IPO market capitalisation of about S$1.1 billion, Accordia Golf Trust brings the total number of SGX Business Trusts to 19 with a combined market capitalisation of more than S$22 billion.

-End-

Attachments

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