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xenon672 Member	28-Jul-2020 17:23        xenon672 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Announcement by Accordia Golf Tr Mgt ACCORDIA GOLF TRUST (Business Trust Registration No. 2014002) (Constituted under the laws of the Republic of Singapore and Managed by Accordia Golf Trust Management Pte. Ltd.) REQUISITION OF EXTRAORDINARY GENERAL MEETING The board of directors (the ?Board?) of Accordia Golf Trust Management Pte. Ltd., as trustee-manager of Accordia Golf Trust (?AGT? or the ?Trust?, and the trustee-manager of AGT, the ?Trustee-Manager?) refers to the proposed divestment of AGT?s interests in all of its Golf Courses (the ?Proposed Divestment?) to Accordia Golf Co., Ltd. (?Accordia Golf?) as announced by the Trustee-Manager on 29 June 2020 (the ?Proposed Divestment Announcement?). Unless otherwise defined, all capitalised terms used in this Announcement shall bear the same meaning as in the Proposed Divestment Announcement. The Trustee-Manager wishes to announce that it had on 27 July 2020 received a letter (the ?Requisition Notice?) from Hibiki Path Advisors Pte. Ltd. and certain Unitholders (collectively, the ?Requisitioning Unitholders?) at its registered office, requesting the Trustee-Manager to convene an extraordinary general meeting pursuant to Section 54 of the Business Trusts Act to consider the following resolutions: (1) That since Daiwa Securities Group (?DSG?) is a Unitholder and a vested interest party to the Proposed Divestment, DSG will exclude itself from voting in the EGM and abstain from voting. [Resolution 1] (2) That the Trustee-Manager shall make the pay out of the special reserve dividends of JPY 1.2 Billion by or before 28 August 2020. [Resolution 2] (3) Given the Proposed Divestment of AGT of the Trust is to take place on or around 14 September 2020, the Trustee-Manager to have the quarterly financials for Q2 2020 to be released by 14 August 2020 and have the audited report by or on around 7 September 2020. [Resolution 3] (4) That all minutes of the meeting of the Independent Committee shall be disclosed to the Unitholders. [Resolution 4] (5) That the Trustee-Manager should disclose to the Unitholders the fee tables to Daiwa Real Estate Asset Management Co. Ltd. and Accordia Golf annually since inception. [Resolution 5] (6) That the distributable income entitled by the Unitholders for the period of April to September 2020 should be paid to Unitholders duly and timely independent of the Proposed Divestment. [Resolution 6] A copy of the Requisition Notice is enclosed solely for Unitholders? reference. Pg2 The Trustee-Manager is considering the Requisition Notice and seeking advice, and will make further announcements on SGXNET in due course. Unitholders and investors are advised to refrain from taking any action in respect of their Units which may be prejudicial to their interests, and to exercise caution when dealing in the Units. BY ORDER OF THE BOARD Khoo Kee Cheok Chairman Accordia Golf Trust Management Pte. Ltd. (Company Registration No. 201407957D) As Trustee-Manager of Accordia Golf Trust 28 July 2020 IMPORTANT NOTICE This announcement is for information purposes only and does not constitute or form part of an offer, solicitation or invitation of any offer, to buy or subscribe for any securities of AGT in Singapore, the United States, Canada, Japan or any other jurisdiction, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. The value of the units in AGT (?Units?) and the income derived from them may fall as well as rise. The Units are not obligations of, deposits in, or guaranteed by, the Trustee-Manager or its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request the Trustee-Manager to redeem or purchase their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on Singapore Exchange Securities Trading Limited (the ?SGX-ST?). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This announcement is not to be distributed or circulated outside of Singapore. Any failure to comply with this restriction may constitute a violation of United States securities laws or the laws of other jurisdictions. Pg3
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Starship Supreme	28-Jul-2020 17:05        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	I was thing the same thing yesterday that they' ll probably choose to throw a few extra peanuts to get those weak-hands/fence-sitters sell/accept, thereby render the remaining opposing shareholders insufficient to block the deal.    xenon672      ( Date: 28-Jul-2020 16:24) Posted: Today's Trading Halt has not produced any announcement as yet.. possibly after 5p.m (?) OR Discussions or going on to how to thwart the ongoing backlash. So for all of us who are against this, low offer price must carefull, Not to be confused with exactly what one would be offered, 1. Either a slightly better price...answer.. NO..not acceptable. We have to again make sure this EGM we have collectively asked for must Happen and we have to be answered. 2. Scare announcements, for e.g that the buyer is walking away. To this I say we have to make a decision, together with Hibiki, and not to be swayed. I would say, " so be it...let them walk away, if they cannot" So the second strategy is mainly to " Divide and Rule"..throw a measley figure ... To get the big-minority to fizzle down..and than they would do what they want. Let's us not be sidelined. All too dramatic??...maybe...but we must be prepared. At the end of the day, No one is forced to choose...and its the right way...and only that right will win your interests In investments. Challenging times ...challenging decisions...but right ones that every one must make for themselves.
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Starship Supreme	28-Jul-2020 16:58        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	They' re probably gathering forces, huddled together burning midnight oil to come up with counter-measures against Hibiki.  Maybe sue Hibiki?  Or buy up shares when halt lifted to secure majority?    xenon672      ( Date: 28-Jul-2020 16:24) Posted: Today's Trading Halt has not produced any announcement as yet.. possibly after 5p.m (?) OR Discussions or going on to how to thwart the ongoing backlash. So for all of us who are against this, low offer price must carefull, Not to be confused with exactly what one would be offered, 1. Either a slightly better price...answer.. NO..not acceptable. We have to again make sure this EGM we have collectively asked for must Happen and we have to be answered. 2. Scare announcements, for e.g that the buyer is walking away. To this I say we have to make a decision, together with Hibiki, and not to be swayed. I would say, " so be it...let them walk away, if they cannot" So the second strategy is mainly to " Divide and Rule"..throw a measley figure ... To get the big-minority to fizzle down..and than they would do what they want. Let's us not be sidelined. All too dramatic??...maybe...but we must be prepared. At the end of the day, No one is forced to choose...and its the right way...and only that right will win your interests In investments. Challenging times ...challenging decisions...but right ones that every one must make for themselves.
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xenon672 Member	28-Jul-2020 16:24        xenon672 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today's Trading Halt has not produced any announcement as yet.. possibly after 5p.m (?) OR Discussions or going on to how to thwart the ongoing backlash. So for all of us who are against this, low offer price must carefull, Not to be confused with exactly what one would be offered, 1. Either a slightly better price...answer.. NO..not acceptable. We have to again make sure this EGM we have collectively asked for must Happen and we have to be answered. 2. Scare announcements, for e.g that the buyer is walking away. To this I say we have to make a decision, together with Hibiki, and not to be swayed. I would say, " so be it...let them walk away, if they cannot" So the second strategy is mainly to " Divide and Rule"..throw a measley figure ... To get the big-minority to fizzle down..and than they would do what they want. Let's us not be sidelined. All too dramatic??...maybe...but we must be prepared. At the end of the day, No one is forced to choose...and its the right way...and only that right will win your interests In investments. Challenging times ...challenging decisions...but right ones that every one must make for themselves.
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pkli899 Supreme	28-Jul-2020 16:02        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Precisely......when pressed to do a valuation of the golf courses......they appointed 2 join-valuers, one of which is a related party to Daiwa. I questioned the appointment and sure enough the valuation came back unfavorable! xenon672      ( Date: 28-Jul-2020 15:18) Posted: Thanks.. It is shocking that such a deal term is even professionally paid for to be set on paper! It is very bad for investors to accept the divestment cost when its Not something that unit holders asked for. Any buyer should absorb the costs, in this case a "related"purchaser of sorts OR The AGT management should absorb this from their "commission /incentive to sell this OR The sell price should be adjusted upwards to offset the 3% fee. I understand that this may be industry practice etc..but legislation within the SGX frame work Should police this. Also to take valuation at depressed times to benefit the buyer should not be allowed. Independent valuers should be announced and approved before valuation is done so as not Throw suspicion into the extend of the independent advisor's credibility. Why should the deal be done with 1st and 2nd payout etc. AND is there a plan on holding the balance f9r sometime...what if there are other expenses that eat into that remaining amount....and finally not much is left for unit holders...is The SGX registered entity is to be sold as a shell company ..for another price ..and if so what guarantees are in place for the existing unit holders (at point of divestment) to get any Quoted by " pkli899, Alert Admin If deal successful, First payout is 95% Final is 2% 3% for expenses relating to delisting. Hence, actual offer should be 71 cents only!"
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pkli899 Supreme	28-Jul-2020 15:54        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	LOL....ya they are real robbers and pirates Starship      ( Date: 28-Jul-2020 15:18) Posted: pkli899      ( Date: 28-Jul-2020 14:28) Posted: 3% for delisting cost itself is exceptionally high! Every little cash available also they want to take away from us! Very scheming.
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Starship Supreme	28-Jul-2020 15:50        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	xenon672      ( Date: 28-Jul-2020 15:18) Posted: Thanks.. It is shocking that such a deal term is even professionally paid for to be set on paper! It is very bad for investors to accept the divestment cost when its Not something that unit holders asked for. Any buyer should absorb the costs, in this case a "related"purchaser of sorts OR The AGT management should absorb this from their "commission /incentive to sell this OR The sell price should be adjusted upwards to offset the 3% fee. I understand that this may be industry practice etc..but legislation within the SGX frame work Should police this. Also to take valuation at depressed times to benefit the buyer should not be allowed. Independent valuers should be announced and approved before valuation is done so as not Throw suspicion into the extend of the independent advisor's credibility. Why should the deal be done with 1st and 2nd payout etc. AND is there a plan on holding the balance f9r sometime...what if there are other expenses that eat into that remaining amount....and finally not much is left for unit holders...is The SGX registered entity is to be sold as a shell company ..for another price ..and if so what guarantees are in place for the existing unit holders (at point of divestment) to get any Quoted by " pkli899, Alert Admin If deal successful, First payout is 95% Final is 2% 3% for expenses relating to delisting. Hence, actual offer should be 71 cents only!"
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xenon672 Member	28-Jul-2020 15:18        xenon672 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks.. It is shocking that such a deal term is even professionally paid for to be set on paper! It is very bad for investors to accept the divestment cost when its Not something that unit holders asked for. Any buyer should absorb the costs, in this case a "related"purchaser of sorts OR The AGT management should absorb this from their "commission /incentive to sell this OR The sell price should be adjusted upwards to offset the 3% fee. I understand that this may be industry practice etc..but legislation within the SGX frame work Should police this. Also to take valuation at depressed times to benefit the buyer should not be allowed. Independent valuers should be announced and approved before valuation is done so as not Throw suspicion into the extend of the independent advisor's credibility. Why should the deal be done with 1st and 2nd payout etc. AND is there a plan on holding the balance f9r sometime...what if there are other expenses that eat into that remaining amount....and finally not much is left for unit holders...is The SGX registered entity is to be sold as a shell company ..for another price ..and if so what guarantees are in place for the existing unit holders (at point of divestment) to get any Quoted by " pkli899, Alert Admin If deal successful, First payout is 95% Final is 2% 3% for expenses relating to delisting. Hence, actual offer should be 71 cents only!"
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Starship Supreme	28-Jul-2020 15:18        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	pkli899      ( Date: 28-Jul-2020 14:28) Posted: 3% for delisting cost itself is exceptionally high! Every little cash available also they want to take away from us! Very scheming.
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pkli899 Supreme	28-Jul-2020 14:28        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	3% for delisting cost itself is exceptionally high! Every little cash available also they want to take away from us! Very scheming.
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pkli899 Supreme	28-Jul-2020 14:26        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If deal successful, First payout is 95% Final is 2% 3% for expenses relating to delisting. Hence, actual offer should be 71 cents only! How cheapo is this!  xenon672      ( Date: 28-Jul-2020 14:22) Posted: I want to understand why at many information points, in this blog and others, the price offered is often quoted as $0.71, When I fact the divestment term notes show $0.732. ISthe difference the amount to be reserved, that AGT has mentioned? While many of us are fighting for a higher price, it is still a confusion as what is declared as $0.732 Is not what one gets..... Can some one explain pls.tks JerryMaple      ( Date: 28-Jul-2020 12:19) Posted: Let me repicture the scenario again last year way second half of the year the price hover at price of 60 cents with good results. AGT share price:60cents price dividend at 0.261cent on 2H 2019 trading halt :Buyer came in to offer us at 0.71cents and the trust claim that it is actually a very good offer and covid dampened the business and yield accretive. The human traffic on golf course doesnt really affect the business during covid. Not even a falling knife .They offer the price way below a falling knife business buyer can offer.Are they treating us like kids?Come mon ,we are investors with some brain else we wont be in the market for so long.Really fuming.PUI.
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xenon672 Member	28-Jul-2020 14:22        xenon672 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I want to understand why at many information points, in this blog and others, the price offered is often quoted as $0.71, When I fact the divestment term notes show $0.732. ISthe difference the amount to be reserved, that AGT has mentioned? While many of us are fighting for a higher price, it is still a confusion as what is declared as $0.732 Is not what one gets..... Can some one explain pls.tks JerryMaple      ( Date: 28-Jul-2020 12:19) Posted: Let me repicture the scenario again last year way second half of the year the price hover at price of 60 cents with good results. AGT share price:60cents price dividend at 0.261cent on 2H 2019 trading halt :Buyer came in to offer us at 0.71cents and the trust claim that it is actually a very good offer and covid dampened the business and yield accretive. The human traffic on golf course doesnt really affect the business during covid. Not even a falling knife .They offer the price way below a falling knife business buyer can offer.Are they treating us like kids?Come mon ,we are investors with some brain else we wont be in the market for so long.Really fuming.PUI.
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laksaman57 Supreme	28-Jul-2020 13:16        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even healthcare trust are negatively impacted by covid.
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laksaman57 Supreme	28-Jul-2020 12:48        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Golf is covid-proof in Japan. All other Reit/Trust isn't
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JerryMaple Veteran	28-Jul-2020 12:28        JerryMaple About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can you all imagine if covid didnt exist?the price is already at 0.66 and the offer price is 0.71...This year supposed to olympic as well..Which idiot will approve this offer?
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JerryMaple Veteran	28-Jul-2020 12:19        JerryMaple About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let me repicture the scenario again last year way second half of the year the price hover at price of 60 cents with good results. AGT share price:60cents price dividend at 0.261cent on 2H 2019 trading halt :Buyer came in to offer us at 0.71cents and the trust claim that it is actually a very good offer and covid dampened the business and yield accretive. The human traffic on golf course doesnt really affect the business during covid. Not even a falling knife .They offer the price way below a falling knife business buyer can offer.Are they treating us like kids?Come mon ,we are investors with some brain else we wont be in the market for so long.Really fuming.PUI.
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laksaman57 Supreme	28-Jul-2020 11:08        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I don't trust their 'difficult-to-sell' 6 golf courses propaganda. JerryMaple      ( Date: 28-Jul-2020 10:30) Posted: Unlikely they will revise the offer price. They already struggle to sell off 6golf courses to fund for this buyover. Month end coming, need to reload the shares again and vote NO!!!
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pkli899 Supreme	28-Jul-2020 11:07        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The more publicity the better. SGX being the regulator must act now! Done sit on it! Starship      ( Date: 28-Jul-2020 11:05) Posted: Reported in the Business Times, unfortunately, it' s a subscription news: Hibiki, minority unitholders call for Accordia Golf Trust EGM TUE, JUL 28, 2020 - 5:50 AM 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............................
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Starship Supreme	28-Jul-2020 11:05        Starship About Contact  Quote this Post!
x 1   x 0  Alert Admin	Reported in the Business Times, unfortunately, it' s a subscription news: Hibiki, minority unitholders call for Accordia Golf Trust EGM TUE, JUL 28, 2020 - 5:50 AM 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............................
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pkli899 Supreme	28-Jul-2020 10:51        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What a waste, no physical EGM. Otherwise, will see plenty drama, similar to Sabana' s EGM. The management was attacked left, right and centre. So shiok to watch! jt1203      ( Date: 28-Jul-2020 09:57) Posted: Lol I would love to see these rich uncles vocalise at the egm then just kbkb here 😊
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