Tools: Save | Print | " target="_blank" class="style1">E-mail | Most Read
HK Tycoon Pledges to Donate Money for Charity Purpose
Adjust font size:

Li ka-shing, so called "richest man" in both Hong Kong and the whole Asia, promised on Thursday to donate more money to a charity foundation named after him until the total assets of the foundation value at one third of his personal assets.

He said at a press conference for announcing interim results of Cheung Kong (Holdings) Limited that the three personal funds of the foundation are being used for charity purpose, adding his family and members of the board of the group are not allowed to take a penny from the foundation.

According to statistics for Forbes, Li's personal assets reaches 150 billion HK dollars (US$19.23 billion). So the foundation is expected to receive about 50 billion HK dollars (US$6.41 billion) from Li.

Li Ka-shing Foundation was established in 1980 to co-ordinate donations towards education, medical care, culture and other community welfare projects in Hong Kong and Chinese mainland.

Li once said that "to be able to contribute to society and to help those in need to build a better life, that is the ultimate meaning in life. I would gladly consider this to be my life work."

(Xinhua News Agency August 25, 2006)

Tools: Save | Print | " target="_blank" class="style1">E-mail | Most Read

Related Stories
HK Establishes On-line Educational Philanthropic Website
20,000 Free Disney Tickets to Community
Rice Distribution Safety to Be Reviewed in HK
225,000 Books Sold at Charity Book Sale
HK Grants Fund Again to Help Indonesian Quake Victims
 
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号