TWC Announces Divestiture
KING CITY, Ontario, Sept. 25, 2023 (GLOBE NEWSWIRE) -- On September 20, 2023, TWC Enterprises Limited (โTWCโ) completed the divestiture of its investment in the Geranium real estate management company along with other non-Highland Gate joint ventures in which it was a co-investor with the Geranium Group. These assets were purchased by TWCโs co-investors with Geranium. Total proceeds for the transaction were $12,500,000 including deferred proceeds of $5,300,000.
Corporate Profile
TWC is engaged in golf club operations under the trademark, โClubLink One Membership More Golf.โ TWC is Canadaโs largest owner, operator and manager of golf clubs with 45 ยฝ 18-hole equivalent championship and 2.5 18-hole equivalent academy courses (including two managed properties) at 35 locations in Ontario, Quebec and Florida.
For further information please contact:
Andrew Tamlin
Chief Financial Officer
15675 Dufferin Street
King City, Ontario L7B 1K5
Tel: 905-841-5372 Fax: 905-841-8488
atamlin@clublink.ca