What HK and SG leaders are doing for minibond holders

[Avantas]

Hong Kong Chief Executive Donald Tsang: cost taxpayers S$800,000 a year (source)

1. Made a proposal to Hong Kong banks last week to buy back Lehman brothers minibonds at current market values from investors.

2. Ordered Monetary Authority of Hong Kong to launch an immediate investigation into investors’ complaints which found evidence of mis-selling by some banks.

3. Would set up an independent panel to mediate with banks in cases where it finds evidence of mis-selling.

4. If mediation fails, the Consumer Council will help complainants apply to its consumer legal action fund, which provides help for joint lawsuits.

Watch video report here:

http://wayangparty.wordpress.com/20...ore-leaders-doing-for-its-minibond-investors/

 

[Zombie]

Made a proposal to Hong Kong banks last week to buy back Lehman brothers minibonds at current market values from investors.

current market value is said to be estimated at 10% of investments

do you think all the investors can come to an agreement, to sell?

 

[Cestbon]

current market value is said to be estimated at 10% of investments

do you think all the investors can come to an agreement, to sell?

Even at 30% most will not agree also. They investor expected to get 100% refund or minimun 80%.

 

[Zombie]

Even at 30% most will not agree also. They investor expected to get 100% refund or minimun 80%.

There are investors expecting 100% refund PLUS INTERESTS.