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  • November 24, 2014
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  1. Banks may bring forward minibond buy-back

    Posted Oct 24th 2008, 12:00am by Joyce Man

    ... of their underlying assets, collateralised debt obligations (CDOs)- securities backed by a pool of bonds, loans and other assets. Once the value of certain CDOs hit a pre-set trigger point, the value ...

  2. Debt-saga hotel to reopen with new look and bargain rates

    Posted Aug 19th 2008, 12:00am by Joyce Man

    ... Joyce Man The Tatami Hampton Hotel plans to reopen within 10 days, offering cheaper rates to improve an image that management says was tarnished by a debt saga. 'We need to... work ... yesterday morning. The Bank of East Asia had seized it and evicted 100 guests on June 18 after a court ruled it could recover debt the company owed from 1997. Labour Buildings paid HK$100 million ...

  3. HSBC plays down its role in minibond sales

    Posted Dec 31st 2008, 12:00am by Joyce Man

    ... Joyce Man HSBC yesterday played down its role in the minibonds issue, stressing that as the director of the issuing entity, its responsibilities were merely administrative. The bank was responding to a recent disclosure that it was the director in additio ...

  4. Finance chief assures minibond holders notes retain some value

    Posted Oct 30th 2008, 12:00am by Joyce Man

    ... of China (Hong Kong) said yesterday that its exposure to senior unsecured debts- securities that would get payment ahead of other unsecured debt if the borrower defaulted- had a carrying value ...

  5. DBS gives zero value to most Lehman notes

    Posted Oct 29th 2008, 12:00am by Joyce Man

    ... Joyce Man Investors angered by first valuation in HK Investors in all except two series of structured notes linked to Lehman Brothers and distributed by DBS will get nothing back, after the bank valued those failed investments at zero, it said yesterday. ...

  6. Investors air Lehman Brothers grievances

    Posted Oct 01st 2008, 12:00am by Joyce Man

    ... Joyce Man Lehman Brothers minibond investors held separate meetings yesterday to air their grievances that banks had mismarketed the products- with ABN Amro and Secretary for Financial Services and the Treasury Chan Ka-keung. Tens of thousands of small in ...

  7. Agents warned over investments

    Posted Sep 30th 2008, 12:00am by Joyce Man

    ... Joyce Man Agents selling investment products should understand their products and clients, the head of the Securities and Futures Commission said yesterday, as hundreds of Lehman Brothers minibond investors continued to complain about mismarketing. It is ...

  8. Banks investigated over Lehman notes

    Posted Sep 27th 2008, 12:00am by Joyce Man

    ... Joyce Man The Hong Kong Monetary Authority is investigating banks that investors accuse of using underhand tactics to sell Lehman credit-linked notes. Twenty-one banks, including the Bank of East Asia, Bank of China Hong Kong, DBS and Dah Sing Bank, are k ...

  9. Three admit blackmail and false imprisonment

    Posted Jul 15th 2009, 12:00am by Joyce Man

    ... Joyce Man Three unemployed men who forcibly held and blackmailed a university student and a salesman into paying gambling debts last November admitted their guilt yesterday. Fu Chuen-lai, 19, Yip Hon-ming and Leung Yu-hin, both 20, pleaded guilty in the District Court to charges of false imprisonment, blackmail and theft. A fourth defendant, Fung Chi-hang, 19, unemployed, ...

  10. Hard-working single father jailed for bomb-threat robbery attempt

    Posted Oct 31st 2009, 12:00am by Joyce Man

    ... for attempting to rob a betting station to pay off HK$1 million in debts. Chu Kwok-yui had earlier pleaded guilty in the Court of First Instance to attempted theft. He told staff at a Hong Kong Jockey ... months for other mitigating factors. Kelly Lam, for Chu, told the court that Chu had incurred debts, including one resulting from lending his son HK$200,000 to start a computer shop, which ...




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