Hibiki, minority unitholders call for Accordia Golf Trust EGM

Singapore

HIBIKI Path Advisors has joined hands with more than 50 other minority unitholders to request that Accordia Golf Trust Management (AGTM), the trustee manager of Accordia Golf Trust (AGT), convene an extraordinary general meeting (EGM) on Aug 18.

This is Hibiki's latest move to block the sale of the trust's 88 golf courses in Japan to sponsor Accordia Golf.

Hibiki, AGT's largest minority unitholder with a 7.6 per cent stake, had voiced its concerns about the offered price of 61.8 billion Japanese yen (S$804.1 million) - an implied consideration o…

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