Jamus Lim on Central Provident Fund (Amendment) Bill
Removing the CPF Board as a trustee will give holders of Singtel Special Discounted Shares more flexibility in how they sell the shares and what they do with the earnings. On that basis of “returning agency to Singaporeans” alone, said MP Jamus Lim in parliament on Thursday (May 7), the bill in question has his support. However, he raised three points - potential challenges relating to stocks of deceased shareholders, whether this “unlocking of wealth” may open up less-savvy Singaporeans to scam risks, and the absence of more discounted share offerings tied to listings of other state-linked firms.
Removing the CPF Board as a trustee will give holders of Singtel Special Discounted Shares more flexibility in how they sell the shares and what they do with the earnings. On that basis of “returning agency to Singaporeans” alone, said MP Jamus Lim in parliament on Thursday (May 7), the bill in question has his support. However, he raised three points - potential challenges relating to stocks of deceased shareholders, whether this “unlocking of wealth” may open up less-savvy Singaporeans to scam risks, and the absence of more discounted share offerings tied to listings of other state-linked firms.
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