NTUC Income shares

[LionFlyer]

The whole episode reflects poorly on the current NE leadership though.

While it is reasonable that the capital reduction or the 2 billion carryover is commercially confidential as part of the deal, the decision of the NE leadership to accept such terms and to give a majority stake is puzzling (to be charitable).

[LionFlyer]

https://www.channelnewsasia.com/singapor...an-4682446

I am frankly, shocked that the Minister made such statements.

“In fact, the central committee and myself only knew of this on Monday at the ministerial statement,” said Mr Tan, who is also senior minister of state in the Prime Minister's Office.

"And as I'm made aware now, from clarifications with (NTUC Enterprise) and Income, Income as a non-listed public company would have to comply with the legal responsibility of non-disclosure of commercially sensitive information on Allianz's plans post acquisition ... because as a non-listed public company ... Income is subject to the Singapore code of takeover and mergers."

NE is the majority shareholder, not an unrelated external party; if they are not being made aware of such material clauses, what are they doing?