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Market versus mission: What will Income Insurance choose?
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To move forward sustainably, Income should consider confronting its legacy shareholder issues once and for all.
PHOTO: ST FILE
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SINGAPORE – For years, shareholders of Income Insurance have pressed the board for a way to unlock the value of their shares and redeem them at market price.
“It’s been a request from shareholders at every AGM (annual general meeting). There are 15,000 of us, and we are getting on in age. But there are few options for us to sell our shares beyond its $10 par value,” said shareholder S. Nallakaruppan, adding that the dividends, once satisfactory, have also declined.
