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08-04-2014, 04:03 PM
(08-04-2014, 03:54 PM)greengiraffe Wrote: I still have an autograph certificate of City NCCPS by Kwek Leng Beng.
The original intention of the issue was to pass on the section 44 tax credit by end 2007. 2007 came and went and City did nothing to redeem the issue.
The price used to trade at a certain discount to the true value but given that the redemption is in the hands of City Dev, any holder of NCCPS can only count on Kwek's generosity.
If you have no problems earning a fixed return indefinitely, then keep it and hope for the one day.
Vested
Odd Lots
GG
Best for CPF money for those not into active investing.
Gave up on CDL NCCPS conversion long ago...
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster