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MAS chief explains why capital reduction plan in Income-Allianz deal was blocked

Inconsistency with previous commitments was behind rejection of a proposed SG$1.85bn (US$1.38bn) capital reduction says MAS Chairman and Deputy PM Gan Kim Yong.

Ellis Ng

November 14, 2024

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4 min read

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28 August

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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August

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MAS chief explains why capital reduction plan in Income-Allianz deal was blocked