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HK brokerage give full lehman refund

Thread starter glock
Start date Jan 23, 2009

glock

Alfrescian

Loyal

Jan 23, 2009

http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/404399/1/.html

Sun Hung Kai Investments agreed to repay around 85 million Hong Kong dollars (11 million US) after the Securities and Futures Commission (SFC) reprimanded its sale of minibonds backed by collapsed US bank Lehman Brothers.

The deal covers around 300 investors, who will be offered the full amount they invested in the minibonds, the SFC said in a statement.

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