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NTUC Enterprise, Income Insurance Defend Allianz Deal Amidst Stakeholder Concerns

NTUC Enterprise, Income Insurance Defend Allianz Deal Amidst Stakeholder Concerns

NTUC企业,收入保险在股东关注下捍卫安联交易。
Singapore Business Review ·  08/04 22:30

Suee Chieh Tan claimed that NTUC Enterprise raised its stake in the co-operative.

陈秀杰声称,NTUC Enterprise增加了其在该合作社的股份。

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企业和收入保险回应了Suee Chieh Tan就安联打算收购收入保险51%的股份提出的异议,这涉及拟议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.

陈的担忧是在8月2日给新加坡金融管理局(MAS)的一封信中公开的。

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企业和收益保险公司回应了陈在联合声明中提出的几点,澄清了NTUC Income成员持有的合作股份在发行时价值为面值(7.5美元或每股10新元),而不是市值波动的股票。

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.

声明还指出,NTUC Enterprise已在2018年将其所有股份转换为永久股份,以支持收入保险的资本充足率,此举并未扩大到普通会员,以保持他们赎回股票的灵活性。

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.

该声明进一步强调,在2022年NTUC Income公司化期间,所有合作股份都自愿一对一地转换为收入保险股份,为少数股东提供股权,以释放其持股的全部价值。

As a result, minority shareholders saw their voting rights increase from 0.3% to 26.2%.

结果,少数股东的投票权从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,公司化决议以压倒性多数获得了股东的批准,99.99%的人投了赞成票。

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企业和收入保险公司为他们与安联合作的决定辩护,称这家德国金融服务巨头是一个强大而团结的合作伙伴,能够增强收入保险的财务可持续性。

The statement noted Allianz's high credit rating and commitment to continuing Income Insurance's social mission in Singapore.

该声明指出了安联的高信用评级,并承诺延续收入保险在新加坡的社会使命。

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.

最后,该声明向少数股东保证,如果他们选择接受安联提出的每股30.7美元(合40.58新元)的报价,他们将优先竞标股份。

The offer price reflects an annualised return significantly higher than the Straits Times Index over the past 30 years.

要约价格反映了过去30年的年化回报率明显高于海峡时报指数。

(US$1.00 = S$1.32)

(1.00 美元 = 1.32 新元)

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