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LETTER TO THE EDITOR

JTC's treatment of Jurong Country Club notes grossly unfair, devoid of reason

I REFER to "JTC makes early-buyback offer for Jurong Country Club notes" (BT, Aug 26).

The Debenture Note Working Committee's (DNWC) view is that JTC's offer to repurchase the Noteholders Debenture Note (DN) of S$120,000 at only S$84,200 is grossly unfair and devoid of reason.

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