#Singapore Income’s deal w Allianz raises fears of #profit over #socialmission
"In a letter in ST Jan 2022, CEO Income Andrew Yeo said e exercise wld only change Income’s legal form & e new entity wld remain an #NTUC #socialenterprise. “NTUC Enterprise will continue to be e #majorityshareholder of e new entity”.. former Gp CEO #NTUCEnterprise Tan SC, echoed tt e understanding was NTUC Enterprise wld remain majority shareholder. This understand'g was breached in < 2 years"
https://www.scmp.com/week-asia/economics/article/3272684/singapore-income-insurances-deal-allianz-raises-fears-profit-over-social-mission