NTUC Enterprise, Income Insurance Defend Allianz Deal Amidst Stakeholder Concerns
NTUC Enterprise, Income Insurance Defend Allianz Deal Amidst Stakeholder Concerns
Suee Chieh Tan claimed that NTUC Enterprise raised its stake in the co-operative.
Suee Chieh Tan聲稱，新加坡全國土地使用合作社企業（NTUC Enterprise）增持了合作社的股份。
NTUC Enterprise and Income Insurance addressed objections raised by Suee Chieh Tan concerning Allianz's intent to acquire a 51% stake in Income Insurance, which involved the fairness and transparency of the proposed transaction.
NTUC Enterprise和Income保險公司回應了Suee Chieh Tan對Allianz收購Income保險公司51%股份的反對意見，涉及提議交易的公平性和透明度。
Tan's concerns were made public in a letter to the Monetary Authority of Singapore (MAS) on 2 August.
Tan的擔憂在8月2日發給新加坡金融管理局（MAS）的一封信中公開。
NTUC Enterprise and Income Insurance addressed several points raised by Tan in a joint statement, clarifying that cooperative shares, which NTUC Income members held, were valued at par (US$7.5 or S$10 per share) when issued and were not equity shares with a fluctuating market value.
NTUC Enterprise和Income保險公司在一份聯合聲明中回應了Tan提出的一些問題，澄清一致社份是以面值（每股7.5美元或10新加坡元）發行的合作社份額，不是有市場波動的股權份額。
The statement also noted that NTUC Enterprise had converted all its shares to permanent shares in 2018 to support Income Insurance's capital adequacy, a move that was not extended to ordinary members to preserve their flexibility to redeem shares.
聲明還指出，NTUC Enterprise在2018年將所有股份轉換爲永久股份，以支持Income保險公司的資本充足性，而這一舉措並沒有向普通會員延伸，以保護他們贖回股份的靈活性。
The statement further highlighted that during the corporatisation of NTUC Income in 2022, all cooperative shares were voluntarily converted to Income Insurance shares on a one-to-one basis, providing minority shareholders with equity shares that unlock the full value of their holdings.
聲明進一步指出，在2022年全國土地使用合作社改組過程中，所有一致社份都自願以一對一的比例轉換成了Income保險公司的股權份額，爲少數股東提供了股權份額，解鎖他們持股的全部價值。
As a result, minority shareholders saw their voting rights increase from 0.3% to 26.2%.
因此，少數股東的表決權從0.3%增加到26.2%。
Additionally, NTUC Enterprise stated that the resolutions for corporatisation were overwhelmingly approved by shareholders, with 99.99% voting in favour.
此外，NTUC Enterprise表示改組決議獲得股東以壓倒性優勢的贊成，99.99%的股東表決贊成。
NTUC Enterprise and Income Insurance defended their decision to partner with Allianz, describing the German financial services giant as a strong and aligned partner capable of bolstering Income Insurance's financial sustainability.
NTUC Enterprise和Income保險公司爲與Allianz合作的決定進行了辯護，稱德國金融服務巨頭爲一位強大的合作伙伴，能夠增強Income保險公司的財務可持續性。
The statement noted Allianz's high credit rating and commitment to continuing Income Insurance's social mission in Singapore.
聲明指出Allianz擁有很高的信用評級，並致力於繼續在新加坡執行Income保險公司的社會使命。
Finally, the statement reassured minority shareholders that should they choose to accept Allianz's offer of US$30.7 (S$40.58) per share, they would be given priority in tendering their shares.
最後，聲明保證少數股東，如果他們選擇接受Allianz提議的每股30.7美元（40.58新加坡元）的收購要約，他們將有優先權進行股份投標。
The offer price reflects an annualised return significantly higher than the Straits Times Index over the past 30 years.
報價反映出迄今爲止30年來的年化回報率顯著高於海峽時報指數。
(US$1.00 = S$1.32)
（1美元=1.32新加坡元）