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Minibond Gathering and Petition
Tan Kin Lian is organising another petition to the Prime Minister, Lee Hsien Loong, to ask for a general settlement for Minibond affected investors. You can sign the petition here.
You can read the government’s reply to questions raised about the adequateness of the actions taken by MAS and the punishment meted out to the financial institutions in Singapore.
Over in Hong Kong, the financial institutions that sold the products have already agreed to buy back all the Minibonds at 60% of their face value.
There will also be a gathering on Hong Lim Park on 22th August 2009 from 5-630pm. Tan Kin Lian will be the main speaker but he is also trying to get the coordinators of the various legal suits to come and provide updates on their progress.