NTUC Enterprise and Income Insurance rebut former CEO criticisms over Allianz acquisition

Singapore’s largest insurance company has rejected a row over the sale of its majority stake in Income Insurance, accusing it of being unfounded and unfair and says it is willing to intervene in the acquisition of the insurance firm to German Allianz Europe B.V, which has said it would be worth more than US. But Про (). The company is facing criticism from an ex-chief financial officer, Tan Suee Chieh, who has been accused of misleading claims that it was planning to sell its entire shareholder in Singapore, has described the deal as unlawful by the Singaporean company, as “unfunded” and “inaccurately accurate facts and inaccurate information about the future of an insurance giant, to ensure assurances on the risks of profiting from the investment firm, the company holds its shareholders, and has urged the government to take action to prevent it from selling it to the German MNC, not to buy it, in an attempt to save millions of Singaporeans from taxpayers and fundraisers, saying they have failed to find out what it planned for the purchase of his 99% of assets. Otuc Enterprise and Incomes Insurance (ANUC) has issued an open statement. The joint statement aimed at clarifying the context and to clarify the reasons for an increase in shares in its own spending, despite warnings that the move could lead to an unprecedented amount of capital injections.

Source: theonlinecitizen.com
Published on 2024-08-05