$7m gift from tycoon Oei

[nitecrawllerr]

TYCOON Oei Hong Leong presented $7 million to the Lee Kuan Yew School of Public Policy on Tuesday to fund the studies of its post-graduate students from China.
His donation arose from the perfect timing of his trades of one million AIG shares that he donated to the school.

Mr Oei, 60, had scooped up shares of the embattled American insurer at US$1.80 (S$2.64) a piece on the birthday of Minister Mentor Lee Kuan Yew, who turned 85 on Sept 16.

On Sept 22, he sold the shares at US$5 each - a gain of 177 per cent.

The $7 million from his bold investment will be matched by the Government, so the school's windfall is $14 million.

On why the gift was focussed on Chinese students - the second largest intake after Singaporeans - Mr Oei said, 'The Chinese learn fast...They need to learn a lot of good things about capitalists - integrity, fairness, contribution to the community.'

Its a blessing to be born a cockroach. Ahem..I mean a Chinese.

 

[Merl Haggard]

So cleber to phor lam-par! No wonder he wasn't send to jail for mismanaging UIC.

TYCOON Oei Hong Leong presented $7 million to the Lee Kuan Yew School of Public Policy on Tuesday to fund the studies of its post-graduate students from China.
His donation arose from the perfect timing of his trades of one million AIG shares that he donated to the school.

Mr Oei, 60, had scooped up shares of the embattled American insurer at US$1.80 (S$2.64) a piece on the birthday of Minister Mentor Lee Kuan Yew, who turned 85 on Sept 16.

On Sept 22, he sold the shares at US$5 each - a gain of 177 per cent.

The $7 million from his bold investment will be matched by the Government, so the school's windfall is $14 million.

On why the gift was focussed on Chinese students - the second largest intake after Singaporeans - Mr Oei said, 'The Chinese learn fast...They need to learn a lot of good things about capitalists - integrity, fairness, contribution to the community.'

Its a blessing to be born a cockroach. Ahem..I mean a Chinese.

 

[BlueCat]

another way of paying lesser taxes for his profit.
so i believe this amount will be exempted from tax.
it will make him looks good,return to society what he gets.

 

[HakkaThaileen]

another way of paying lesser taxes for his profit.
so i believe this amount will be exempted from tax.
it will make him looks good,return to society what he gets.

Don't play play with the man who had gone through and survive the turbulent years during the Cultural Revolution.. He is certainly not a simple man..

 

[nitecrawllerr]

Thought he have that midas touch when he invested in JEL. KNN went and bought the counter and now its only worth 2.5 cents!

 

[darememore]

So cleber to phor lam-par! No wonder he wasn't send to jail for mismanaging UIC.

at least he had been donating...what about the old man? still drawing millions of dollars from tax payers monies

 

[makapaaa]

Sounds like Old Fart of Polar Shit has become a $ laundering centre.

 

[Ah Hai]

Thought he have that midas touch when he invested in JEL. KNN went and bought the counter and now its only worth 2.5 cents!

remember informatics? same with your counter.