NTUC Income Insurance to be bought by Allianz

[Beehive3783]

On 10/14/2024 at 2:33 PM, Mkl22 said:

Seems like quite some ke blakang pusing these days. 
wonder what those clowns are doing…. 
Become closer to boleh land. Too many Malaysian PR convert to citizen ah? 🤣

A lot of PAP people are ex-Malaysians. 

[Throttle2]

On 10/15/2024 at 8:21 AM, Unfazed said:

To even dare to think of this deal is already akin to letting down the people and country

thats why , sack them lor...

[Beehive3783]

On 10/14/2024 at 11:22 PM, yishunite said:

NCM was merely trying to cash out for all the rich private stakeholders isnt that Singapore Inc model???

Yes, the PAP in its current generation is running Singapore like a corporation. Every single damn thing must have KPI, projected returns, projected revenue, profit and all that shit.

If they had the interests of the people at heart, this proposal would never even have materialised in the first place. They were just trying their luck to push the deal and then take the money if nobody made any noise.

 

[Azsuriel]

Pretty Womans from your town

[Voodooman]

On 10/14/2024 at 5:09 PM, TangoCharlie said:

Wah, buy income at 2.2b then 3 years later take back 0.9b....machiam shopee Cashback.

Financial engineering expert.

 

Income was proposed to be sold as NTUC doesn’t want to inject more capital, the plan doesn’t gel with the narrative of extracting $1.85b over next 3 years.  

Looks like NTUC has lost its way, instead of both parties injecting money to support NTUC’s social mission, it reads like financial structuring to extract loads of money and walking away clean as it no longer has a controlling stake. 

So who is lying? We need to convene a committee to investigate jialat jialat.  Lots of explanation to do. 

[Wt_know]

it's not the end ... si mi tai ji?

Edited 9 hours ago by Wt_know

[inlinesix]

On 10/15/2024 at 4:32 PM, Wt_know said:

current form = buay sai

revising deal = might be ai sai?

si mi tai ji?

 

Bro, "consider".

😂

[Volvobrick]

On 10/15/2024 at 4:32 PM, Wt_know said:

it's not the end ... si mi tai ji?

[Throttle2]

It will be cool if Allianz buys NTUC and retrench 25% of the staff, mostly senior ones, making it lean and mean.

Yeah I would like to see that. 

[inlinesix]

On 10/15/2024 at 5:27 PM, Throttle2 said:

It will be cool if Allianz buys NTUC and retrench 25% of the staff, mostly senior ones, making it lean and mean.

Yeah I would like to see that. 

Allianz has a composite license in Sg.

It is likely CEO, CFO, CRO and all GI related departments will be gone.

It could be 30% - 40% of the staff.

[TangoCharlie]

On 10/15/2024 at 4:02 PM, Voodooman said:

Income was proposed to be sold as NTUC doesn’t want to inject more capital, the plan doesn’t gel with the narrative of extracting $1.85b over next 3 years.  

Looks like NTUC has lost its way, instead of both parties injecting money to support NTUC’s social mission, it reads like financial structuring to extract loads of money and walking away clean as it no longer has a controlling stake. 

So who is lying? We need to convene a committee to investigate jialat jialat.  Lots of explanation to do. 

Boh Tai chi one, ET already beamed those responsible safely back to home base.

With this new info, NE past capital injections at par in recent years smell damn Chao sng...fellow shareholders better open eyes big big....

[Freeder]

NCM most notable contribution was the NTUC member $1 B’fast set.. Really WTF🤭

[Benarsenal]

On 10/15/2024 at 10:36 AM, Beehive3783 said:

Yes, the PAP in its current generation is running Singapore like a corporation. Every single damn thing must have KPI, projected returns, projected revenue, profit and all that shit.

If they had the interests of the people at heart, this proposal would never even have materialised in the first place. They were just trying their luck to push the deal and then take the money if nobody made any noise.

 

It has always been like that mah, no meh?