Corrupt Hands Behind NTUC Sale?

[Dr Christopher Cheok C S]

S$2.2 billion for a majority stake NTUC sounds quite cheap. NTUC Income must be very heavily indebted.

In perspective, S$2.2 billion is like 3-months of DBS profits. Therefore for such price without a bidding war for Income, Income must be a can of worms.

OCBC just paid Great Eastern at S$1.4 billion for 11.56% of Great Eastern shares that it doesn't own, valuing Great Eastern at over S$12 billion. Great Eastern should make an offer for NTUC Income too. I hope NTUC Income continued to be majority locally-owned.

 

[CoffeeAhSoh]

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https://www.facebook.com/share/v/cXVMoG4eb7rwtdZf/?mibextid=qi2Omg

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[knowwhatyouwantinlife]

So will income staff get mnc pay scale?

 

[jsctan]

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View attachment 202959
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Can only speak out at ballot boxes. But majority sinkies are quite ignorant. Clueless about selling glcs.

 

[Dr Christopher Cheok C S]

Mr Tan Suee Chieh, former CEO of NTUC Income Co-operative - "Breach of Good Faith"
https://www.channelnewsasia.com/sin...allianz-deal-tan-suee-chieh-tommy-koh-4500751

 

[laksaboy]

Mr Tan Suee Chieh, former CEO of NTUC Income Co-operative - "Breach of Good Faith"
https://www.channelnewsasia.com/sin...allianz-deal-tan-suee-chieh-tommy-koh-4500751

There never was any good faith to begin with. Unless you're dumb enough to believe that the NTUC was some kind of altruistic non-profit organization.

Better wake up. Nothing's changed. except maybe this time they're too desperate or too lazy to keep up pretensions.

 

[mojito]

Unions are poor at making profits. Ali's aunts ceo will show u how to easy it is to raise insolent premiums through collision.

 

[Papsmearer]

https://www.facebook.com/share/p/h53V32nJ8LxeXPhM/?mibextid=xfxF2i

Jimmy Tan pointed out that total Assets of NTUC income is $47.2 Billion dollars.
So we are selling off 51% to German Insurer Allianz for $2.2 Billion.
Who made this shit deal? Can we investigate and object?

Say bye bye to your CPF.

Total assets is not the same as net assets lah. After u minus liabilities, and debts, net asset is a lot less. The price is about what the market value of the shares is.

 

[Papsmearer]

Well done PeeM Lawrence Wrong. One of the first acts in office is to sell of NTUC Income to a large German Insurance company. Come, I clap for you.

 

[CoffeeAhSoh]

 

[batman1]

Can only speak out at ballot boxes. But majority sinkies are quite ignorant. Clueless about selling glcs.

MOST stupid and ignorant coolie low ses sinkees only know what is cdc vouchers.

 

[Likemeat]

Income says chairman recused himself from decision to appoint Morgan Stanley in Allianz deal​

Questions had been raised about a possible conflict of interest as Ronald Ong is the chairman of Income Insurance and also a senior executive at Morgan Stanley, the insurer's appointed financial adviser for the proposed acquisition by Allianz.

https://www.channelnewsasia.com/sin...-ong-morgan-stanley-conflict-interest-4506916

 

[joemartini]

There never was any good faith to begin with. Unless you're dumb enough to believe that the NTUC was some kind of altruistic non-profit organization.

Better wake up. Nothing's changed. except maybe this time they're too desperate or too lazy to keep up pretensions.

Laksaboy.

let those who BELIEVE in the PAP see all their 59 (NDP59) years of savings, wealth, investments, insurance, retirement in NTUC income progressively gets all wiped out UNTIL zero. then can go hong lim park kpkb, die, decompose there.

let's see what is the political impact coming from all these dumbfuck singaporeans this during GE season.

For me (and maybe for you also).. we invest money into the market for all kinds of reasons thru all kinds of investments and channels, with the understanding that the RISK is always there. your money can be entirely wiped out to ZERO or it can double or triple. anything can happen.

just wait and see. tomorrow morning any long queues at NTUC income bras basah office.

 

[batman1]

The stupidity n ignorance of sinkees resulting in the sale of national assets to foreigners. KNNCCB !!!

 

[joemartini]

S$2.2 billion for a majority stake NTUC sounds quite cheap. NTUC Income must be very heavily indebted.

In perspective, S$2.2 billion is like 3-months of DBS profits. Therefore for such price without a bidding war for Income, Income must be a can of worms.

OCBC just paid Great Eastern at S$1.4 billion for 11.56% of Great Eastern shares that it doesn't own, valuing Great Eastern at over S$12 billion. Great Eastern should make an offer for NTUC Income too. I hope NTUC Income continued to be majority locally-owned.

I don't have any policies with NTUC income. not my problem.

 

[batman1]

Botak president got no comment ?

 

[batman1]

View attachment 202970​

Tommy is just a fence-sitter who follow the wind of change.

 

[jsctan]

I don't have any policies with NTUC income. not my problem.

It's your problem when what goes around comes around.

 

[Dr Christopher Cheok C S]

It's your problem when what goes around comes around.

I fear it is Hyflux-II

 

[Loofydralb]

Tommy is just a fence-sitter who follow the wind of change.

Malays call them 'lalang', or in English, spineless.