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Hibiki fund to vote against Accordia Golf Trust divestment unless price is raised

AGT's assets generate "significantly attractive cash flow", says Hibiki

"We have anecdotally observed that golf playing in Japan has recovered substantially in June," writes Hibiki in an open letter.


THE price offered by the sponsor of Accordia Golf Trust (AGT) to buy over the trust's golf courses is too low, as these assets generate "significantly attractive cash flow", the largest minority unitholder of AGT has argued in an open letter.

Hibiki Path Advisors, the...

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