The clarification statement comes after former diplomat Tommy Koh expressed his concerns that the sale of Income was not a good idea.
NTUC Enterprise says it remains “fully committed” to supporting Income Insurance in a clarification statement issued on July 25.
In a separate statement issued on the same day, Income Insurance adds that NTUC Enterprise will remain a substantial shareholder after the close of the offer. Its on-going commitments, including social ones, will continue as well.
