After the proposed transaction to acquire a majority stake in Singapore's Yingkang Insurance was halted, German insurance company Allianz said it would consider revising the structure of the acquisition deal. Allianz said: “We are convinced that cooperation with Yingkang Insurance, an insurance company that shares the same values and is committed to providing excellent service to its customers, will benefit Singaporean customers and society.” Prior to Allianz's statement, the Singapore government rejected the deal and deemed it “not in the public interest” to proceed with the proposed deal in its current form.

After the proposed transaction to acquire a majority stake in Singapore's Yingkang Insurance was halted, German insurance company Allianz said it would consider revising the structure of the acquisition deal. Allianz said: “We are convinced that cooperation with Yingkang Insurance, an insurance company that shares the same values and is committed to providing excellent service to its customers, will benefit Singaporean customers and society.” Prior to Allianz's statement, the Singapore government rejected the deal and deemed it “not in the public interest” to proceed with the proposed deal in its current form.