19 December 2024
Stefanie Yuen Thio quoted in The Straits Times: “Some Income minority shareholders disappointed over failed Allianz deal”
Features Stefanie Yuen Thio
Stefanie Yuen Thio was quoted by Claire Huang in The Straits Times. The follow-up article covered how some Income minority shareholders were disappointed over the failed Allianz deal (p. A6).
Stefanie was quoted saying that that Income will need to find a partner or an investor prepared to come in on terms that meet all stakeholder requirements.
She noted that the tone of the recent announcements showed that the quest for a strategic partner is not a pressing immediate need, adding that the investor will have to be in the same or an adjacent industry where economies of scale would apply.
The much-quoted “social mission” of Income to provide affordable healthcare for Singaporeans is the most important factor, and that will be one of the terms that the deal team will need to enshrine in the documents, perhaps by securing an undertaking that certain basic insurance coverage will continue to be provided.
The article has been syndicated on Singapore Law Watch.
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