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Income Insurance
Banking & finance
Allianz withdraws offer for Income; Income says material information would have been disclosed
Allianz withdraws bid for Income, Income says preliminary plan not subject to board approval, and details of formal offer would have been disclosed
December 16, 2024
M&A
Impact of Allianz’s proposed capital reduction on Income’s shareholders’ funds
Analysts reckon that Income Insurance's shareholders funds and tier-1 capital would have been depleted by Allianz's "planned capital optimisation".
December 05, 2024
M&A
S’pore government to stop US$1.7 bil Allianz-Income insurance deal
Singapore's minister of culture, community and youth Edwin Tong told parliament on Monday that the proposed transaction is not in the public interest in its current form.
October 14, 2024
M&A
Questions on Income-Allianz deal tabled in Parliament
MAS considers range of criteria when assessing change in shareholders of DSII including financial soundness and risk management
August 08, 2024
M&A
Income-Allianz deal saga: From a minority shareholder’s perspective
A minority Income shareholder suggests Income shares should be offered to the public as an IPO to be listed on the SGX.
August 06, 2024
M&A
Former NTUC Income and NTUC Enterprise CEO rebuts NTUC Enterprise’s points
Questions on the sale are set to be asked in Parliament during its next sitting on Aug 6.
August 05, 2024
M&A
NTUC Enterprise explains the difference between redeemable and irredeemable shares to former CEO
NTUC Enterprise explains difference between redeemable and irredeemable shares for capital adequacy purposes to Tan Suee Chieh.
August 04, 2024
M&A
Income Insurance: open letter, global backdrop, redeemable and irredeemable shares
Tan Suee Chieh, a former CEO of NTUC Income and NTUC Enterprise, has sent an open letter to MAS.
August 03, 2024
M&A
NTUC Enterprise issues further clarification statement, stresses its commitment to Income Insurance
In a July 30 statement, NTUC Enterprise said it always aims to have the best interests of Income Insurance and its stakeholders.
July 30, 2024
Global Economy
Briefs: China unexpectedly cuts one-year policy rate by most since 2020; NTUC Enterprise remains 'fully committed'
In other news this week: US yield curve steepens as Fed rate cuts loom; S&P 500 snaps longest streak.
July 25, 2024