A Simplified Explanation of Why The Income & Allianz Deal is Suddenly Off 

This exactly.

Every one of both Allianz and Income shareholder lo. Who else? If you are Imcome mgmt, would you say no? I will push and call the gov to accept the proposal, get my millions then off on my retirement from corporate!

Right pocket to left pocket to middle pocket.

Well if Allianz is paying net 1.25b to acquire 51% of Income and if 51% share of Income is worth net 1.0b then how? It's a premium that Allianz pays.

@@MO-hk9ko Would our MCCY Minister highlight the planned capital reduction as one of primary issues leading to the Gov block if Allianz have commited to paying a premium equal to what they will receive subsequently? Surely he has all the info.

😅

To me my election voting is simply based on 1 issue. Abolishment of cpf sa post 55. I don't really care about anything else as the rest of stuff doesn't hit my pocket

Yea akan datang… to be continue like old movies

Who THEY?

@@leanne2330Think

Pigs do fly.. check out the pork and ham from your local ntuc supermart.. 😂🤣

Ownself check ownself, ownself block ownself... 😂😂🤣

The biggest benefactor of this deal is Allianz.

Yes. Allianz would just “swallow” a large chunk of the $2bil that should have benefitted Singaporeans. I am glad we have the courage to stop this rather than just push forward & defend this bad deal.

Whoever is in Income senior management that gives the green light for the deal is sus as hell

Well you can also say that Allianz overpays for the initial deal and with the capital returned puts Income at the correct value. Like over trade value when buying a new car.

Allianz still benefited from this.. check their stock price ..

The government also did their job la. A country is not just run by opposition and public outcry.

They only did their job after the outcry lah.

@@johnchua5369That’s the normal SOP

​@@johnchua5369 You only outcry because the cow called Jorgy in Australia farted.

Most sitting inside parliament are YES, YES or mouth shut.

@@loyckfiona, In my younger days, I believe the majority vote is correct But as I age wiser, it may not be correct as: A. Some have no idea on their own B. They dun see the importance, hence becomes follower C. Voting against will not have any impact D. Better to agree than disagree and You may add on……

hello, i am from the 4 year old group, it seems you are lost , come join me ...we are all lost

basically someone trying play game to get money out from the deal, when the money wasn't supposed to be there in the first but given as an exception originally

@@kakaboo Oh OK finally understand! Thanks for make it so short but so clear to understand! Hahaha

​@@snowy2875 not that straightforward but is like this if u see u able to understand (1) NTUC Income was originally a co-op, but they faced many restrictions as a co-op, so they converted NTUC Income into Income Insurance back then (convert from co-op into a company). (2) Due to being converted into a co-op, they were holding some $2 billion but when you convert into a company from a co-op you cannot keep that $2 billion. But a special exception was made for them, so that they can make use of that money to continue the "social mission". (3) Suddenly Allianz said able to return some $1.85 billion back to the shareholders. So many people thinking where this money came from originally. This money was from when they was a co-op, and if they still remained a co-op it no one would have been able to touch this $2 billion. That's why all this hoo-ha came about, as the money which was supposed to help continue the "social mission" is now going into someone else's pockets. Disclaimer: I am also not very clear on the full story, this is just what I gotten from this video itself.

Bot 🤖?

Allianz never give us CDC vouchers so we didnt support ma 😂

Basically alliance wants to swallow our money. MAS stopped it *End*

@@pov72 I don't want CDC vouchers, i want cash top up. 🤣

Skibidi

This whole video missed the most important point. After the merger, Allianz will be returning $1.85B over 3 years after acquiring 51% for $2.2B of NTUC Insurance. Allianz will now be able to access $943m of this amount. This essentially is corporate raiding. In effect, it has only paid $1.25B ($2.2b-0.943m) for it to become the majority shareholders. The question everyone should be asking is: which individuals are benefiting from this ?