By Francis Chan

LAST-DITCH attempts to keep the ill-fated Minibonds alive appear to have failed.

This has largely wiped out the hopes of about 8,000 retail investors of getting a significant portion of their money back. These investors had sunk about $375 million into the complex products, linked to collapsed United States investment bank Lehman Brothers.

The products will now be unwound and investors will face more uncertainty in the months ahead.

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