#capitalreduction — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #capitalreduction, aggregated by home.social.
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Income-Allianz deal: NTUC central committee didn't know about capital reduction plan
"NTUC’s central committee was briefed by #NTUC Enterprise & Income #Insurance on e “strategic imperatives” for the deal, but the #capitalreduction #plan wasn't highlighted to the central committee.. The proposed #Income - #Allianz deal had sought to decrease the #capital held by Income, returning some S$1.85 billion to #shareholders within 3 years"
👎A too-common #investmentbank #PE ploy!
https://www.channelnewsasia.com/singapore/income-allianz-deal-ntuc-central-committee-did-not-know-capital-reduction-plan-desmond-tan-4682446