Income Insurance continues talks with Allianz

It announced its interest in a transaction last 14 June.

Income Insurance reassured that its plans of a potential transaction with Allianz is still in undergoing discussions.

“Income Insurance would like to update that the discussions are ongoing. Income Insurance reiterates that there is no assurance that any transaction will materialise or that any definitive or binding agreement will be reached,” it said in a media release. “Income Insurance will make further announcements if and when there are any material developments which warrant disclosure, in compliance with applicable laws and regulations.”

Shareholders are advised to exercise caution when dealing with the shares and to avoid any actions that may be against their interests.