Prof Koh said he supports the views of the CEO and called on the Singapore Parliament to 'do the right thing.'
SINGAPORE: Asserting that Income Insurance should not be sold to a foreign company, veteran diplomat Tommy Koh has defended former NTUC Income CEO Tan Suee Chieh after Income and NTUC Enterprise accused Mr Tan of casting “unfair aspersions” relating to the proposed Allianz-Income deal.
My concern about the fair treatment of minority shareholders when the corporatisation happened remains.” Rebutting the points NTUC Enterprise and Income made in their joint statement, Mr Tan invited both organisations to “produce all the relevant board minutes and papers” covering certain discussions referenced in his first open letter to let MAS and the public “judge the matter for themselves.”
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