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NTUC Enterprise issues further clarification statement, stresses its commitment to Income Insurance

Felicia Tan
Felicia Tan • 6 min read
NTUC Enterprise issues further clarification statement, stresses its commitment to Income Insurance
On July 17, Allianz announced that it intends to offer $40.58 per share to Income Insurance’s shareholders as it seeks to acquire at least 51% of the shares in the latter. Photo: Samuel Isaac Chua/The Edge Singapore
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NTUC Enterprise has issued another clarification statement in addition to the first statement on July 25.

In a July 30 statement, NTUC Enterprise said it always aims to have the best interests of Income Insurance and its stakeholders, especially its policyholders.

“Income Insurance must grow and thrive as an enterprise to better discharge its obligations to policyholders in the longer term,” it says.

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