Keith Chua on Insurance (Amendment) Bill
With the halting of the Income-Allianz deal, Income may not need to be in a hurry to find another option as it is profitable and currently financially viable, said NMP Keith Chua. In Parliament on Wednesday (Oct 16), he suggested two options. One - consider a public listing of Income as a profitable and socially responsible business, in light of increased interest in social investing. Two - if Income stays private under NTUC Enterprise, the board and management can look into the steps that would have been taken with the proposed Allianz transaction to achieve capital extraction over time, while keeping Income sustainable.
With the halting of the Income-Allianz deal, Income may not need to be in a hurry to find another option as it is profitable and currently financially viable, said NMP Keith Chua. In Parliament on Wednesday (Oct 16), he suggested two options. One - consider a public listing of Income as a profitable and socially responsible business, in light of increased interest in social investing. Two - if Income stays private under NTUC Enterprise, the board and management can look into the steps that would have been taken with the proposed Allianz transaction to achieve capital extraction over time, while keeping Income sustainable.
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