Accordia Golf Trust requested for a trading halt three days ago on 18 December 2019.
I thought to myself then that it was probably too soon to release details about the offer.
Well, yesterday, they released some information along with the appointment of
Daiwa Capital Markets Singapore
and
Ernst & Young Corporate Finance
as financial advisers to look into the offer to buy all of the Trust's golf courses.
I don't know who drafted the announcement but it wasn't very clear at all what it would mean for unitholders.
The irony is that they called it "Clarifactory Announcement" and it didn't provide any meaningful clarity.
When I use a magnifying glass to read, it is so that I can see better.
It doesn't help if the magnifying glass is made of frosted glass.
Can see but cannot see.
See announcement in:
Accordia Golf Trust's Newsroom.
A reader provided a link to an article in The Business Times on this matter....