Independent review of actions taken by NTUC Enterprise Co-operative Limited
We are honoured to have been engaged by NTUC Enterprise Co-operative Limited (“NE”) to conduct an independent review of the actions taken by NE in relation to the corporatisation of NTUC Income Insurance Co-operative Limited (now known as Income Insurance Limited) (“Income”) and the proposed transaction involving the potential sale of NE’s majority shareholding interest in Income to Allianz.
Our independent review concluded that we have found nothing to suggest that NE’s actions in relation to the corporatisation of Income and the proposed transaction with Allianz were contrary to the provisions of the applicable laws considered, including the Co-operative Societies Act and Rules.
We are pleased to have supported our client in their review of NE’s actions in relation to these two key events. For more information, please read here.
The Lee & Lee team was led by Senior Partners Adrian Chan and Julian Tay, and Partners Anthony Wong, Chia Ying Jing and Michelle Chan.