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Accordia Golf announces introduction of new business model


Thursday, 27 Mar 2014 08:15pm EDT 

Accordia Golf Co Ltd:Says to invest part of golf course business into a new limited company (SPC) and transfer equity in the SPC to a business trust (BT), with operation of the golf courses by the company.Says wholly owned subsidiary Accordia AH11 will establish a new company AH01, to transfer golf courses out of the BT to AH01 and sell shares in AH01 to the company.Says wholly owned subsidiary Accordia AH12 will transfer golf courses out of the BT to new company AH02.Says wholly owned sub-subsidiary Accordia AH36 will establish a new company AH03, to transfer golf courses in BT to AH03 and sell AH03 to AH12, and AH12 will sell AH36 to the company.To separate subsidiaries with operation of golf courses in and out of the BT through the reorganization.Says SPC will invest in subsidiaries which operate golf courses in BT and merge with the subsidiaries. 

Company Quote

1169.0
23.0 +2.01%
31 Oct 2014