SG Justifies Blocking $2b Capital Withdrawal in Income-Allianz Deal
SG Justifies Blocking $2b Capital Withdrawal in Income-Allianz Deal
To ensure a shareholder payout for fiscal year 2022 (FY 2022), Income sought approval from the Monetary Authority of Singapore (MAS) to reduce its share capital, as all retained earnings had been converted to share capital.This proposed extraction does not align with the representations made to MCCY.
此提議的提取與向MCCY作出的陳述不一致。
Singapore clarified the recent capital reduction and the role of Income Insurance's financial adviser in a proposed transaction with Allianz, saying that Income Insurance undertook a one-time capital reduction of approximately $31.8m (S$43m) in 2023.
新加坡澄清最近的資本減少，並解釋了在與安聯提議的交易中所得到的Income保險財務顧問的角色，稱Income保險在2023年進行了一次約3180萬美元（4300萬新元）的資本減少。
This move was part of a transition following its corporatisation in 2022, during which NTUC Income Co-operative's assets, liabilities, and retained earnings were transferred to the newly formed corporate entity, Income Insurance, explained Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong in a written parliamentary response to Leong Mun Wai, NCMP.
這一舉措是在2022年公司化之後的過渡過程中的一部分，在此期間，尤其經濟互助合作社的資產、負債和留存收入被轉移到新成立的公司實體Income保險，在潤理事部長暨貿易和行業部長顏金勇向NCMP梁文威的書面議會答覆中解釋。
To ensure a shareholder payout for fiscal year 2022 (FY 2022), Income sought approval from the Monetary Authority of Singapore (MAS) to reduce its share capital, as all retained earnings had been converted to share capital.
爲了確保在2022財政年度向股東支付股息，Income請求新加坡金融管理局（MAS）批准減少其股本，因爲所有留存收益都已轉換爲股本。
Gan highlighted that the FY 2022 payout to shareholders was consistent with Income's past dividend distributions and was lower than the average of $45.9m (S$62m) distributed annually by NTUC Income in the preceding five years.
顏指出，2022財政年度向股東支付的股息與Income過去的分紅分配一致，並且低於尤其經濟互助合作社在過去五年中每年分配的平均4590萬美元（6200萬新元）。
However, he noted that the proposed plan to extract $1.37b (S$1.85b) over three years is substantially different in scale and nature from regular annual dividends.
然而，他指出，擬議的計劃在三年內提取13.7億美元（185億新元），其規模和性質與定期年度分紅大不相同。
This proposed extraction does not align with the representations made to the Ministry of Culture, Community and Youth (MCCY) when Income sought an exemption from the Co-operative Societies Act as part of its corporatisation.
此提議的提取與Income在公司化過程中尋求從合作社法中豁免時向文化、社區與青年部（MCCY）所作陳述不一致。
Regarding the role of Income's financial adviser, Morgan Stanley Asia (Singapore) was appointed by Income to provide financial advice and assist with structuring and negotiating the transaction with Allianz.
關於Income財務顧問的作用，Income任命摩根士丹利亞洲（新加坡）爲金融顧問，並協助與安聯進行交易架構和談判。
However, Gan pointed out that Morgan Stanley's role is not equivalent to that of an independent financial adviser (IFA), who would typically evaluate the fairness and reasonableness of an offer in a voluntary general offer (VGO) scenario.
但甘指出，摩根士丹利的角色並不等同於獨立財務顧問（IFA），後者通常會評估自願一般要約（VGO）情況下要約的公平性和合理性。
Currently, the Income-Allianz transaction remains in a pre-conditional VGO stage, meaning no formal VGO process, including IFA evaluation, has commenced.
目前，安聯（Allianz）交易仍處於預先條件的自願一般要約（VGO）階段，這意味着尚未啓動正式的VGO進程，包括IFA評估。
The government has stated that the transaction, in its current form, will not proceed.
政府表示，按照目前的形式，該交易將不會繼續。
($1.00 = S$1.35)
（1.00美元=1.35新加坡元）
譯文內容由第三人軟體翻譯。
