Mogul gives millions to education institute

PUBLISHED : Tuesday, 30 March, 2010, 12:00am
UPDATED : Tuesday, 30 March, 2010, 12:00am

Property developer Joseph Lau Luen-hung has pledged HK$20 million to the Institute of Education. The donation from Lau's charitable trust will support the institute's Asia Pacific Centre for Leadership and Change and a new chair in education leadership, among other initiatives. Forbes magazine lists Lau, 58, the chairman of Chinese Estates Holdings, as the world's 129th richest man.