CNA | Income-Allianz deal off: Edwin Tong on Singapore government's concerns @channelnewsasia | Uploaded October 2024 | Updated October 2024, 2 hours ago.
The proposed deal between NTUC Income and German insurer Allianz has been called off after government intervention. Singapore's Culture, Community and Youth Minister Edwin Tong, whose ministry oversees cooperatives, says the proposed transaction in its current form is not in the public interest. He added that the government is open to new arrangement if concerns that led to the transaction being blocked are addressed. More details: https://cna.asia/3zWJqfv

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