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LETTER TO THE EDITOR

JTC must fulfil stated obligation of redeeming JCC-linked notes at par

WE refer to "Jurong Country Club noteholders demand early redemption from JTC" (BT, July 1). We wish to clarify several key points made by JTC regarding the JTC Debenture Notes 2003, as reported in the article.

In the article, JTC said that "the terms and conditions of the Notes allow

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