As reported in Channelnewsasia:
DBS High Notes 5 Series investors form committee to seek compensation
By Liang Kai Xin/Margaret Perry, Channel NewsAsia | Posted: 27 October 2008 2153 hrs
SINGAPORE: Some 250 DBS investors who lost money in the bank's High Notes Five Series minibonds held a closed-door meeting on Monday afternoon.
Their aim is to discuss how to ask for compensation from the bank in a more organised way.
The investors formed a 17-member committee, ahead of their scheduled meeting with DBS on Thursday.
A spokesperson for the group said she welcomed Prime Minister Lee Hsien Loong's comments on Sunday about banks needing to engage customers on the matter.
- CNA/yt
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1 comment:
DBS says High Notes 5 is worthless. $0.00
see http://www.dbs.com.sg/dbsgroup/announcements/HN5_SGD_Issuer_Settlement_Notice.pdf
from http://www.dbs.com.sg/sg/
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