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Magnolia Calls in Administrators to The Agency Group An investment firm associated with a former director of listed real estate firm The Agency Group has called in voluntary administrators over a disputed outstanding debt. Magnolia Capital has appointed BDO as voluntary administrators to pursue the ASX-listed group for its outstanding secured debt to “protect the interests of creditors”. In a statement, Sydney-based Magnolia said it has lost confidence in the board and the unknown financial position of The Agency, known on the securities exchange as AU1. The move comes after Magnolia, a major shareholder of The Agency Group, made an unsolicited takeover bid of AU1 in December last year.

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