• Tue
  • Jul 29, 2014
  • Updated: 5:33am

Li Ka-Shing

Often referred to as “Superman” in Hong Kong because of his business prowess, Li Ka-shing is the richest businessman in Asia, and chairs conglomerate Hutchison Whampoa and Cheung Kong Holdings, a property group. Li turned Cheung Kong Industries into a top property group, and Cheung Kong expanded to acquire Hutchison Whampoa in 1979 and Hongkong Electric in 1985. Li is a noted philanthropist and heads a charitable foundation that is a shareholder in Facebook.

NewsHong Kong

Tycoon Li Ka-shing still paying down HKU's medical school donation

PUBLISHED : Wednesday, 28 August, 2013, 4:20pm
UPDATED : Thursday, 29 August, 2013, 4:54am

Hong Kong’s richest man Li Ka-shing is still paying down the HK$1 billion donation he promised to the University of Hong Kong’s medical school eight years ago, the institution’s vice chancellor said on Wednesday.

HKU’s medical faculty in 2005 was renamed as the Li Ka-shing Faculty of Medicine in recognition of the property tycoon’s promised donation.

Speaking at a media session during the university’s inauguration ceremony, vice chancellor Tsui Lap-chee said the university had not yet received the entire donation, which was being paid in instalments.

Tsui declined to reveal how much Li had already paid, saying this was part of an agreement with the businessman.

“Mr Li has not renegaded on his promise with us and has continuously donated to us,” Tsui said.

Legislator Kwok Ka-ki, a HKU medical school alumnus who had opposed the renaming medical school, said he was shocked to learn the university had not received the full donation after eight years.

He said in doing so Li had disappointed other alumni and teachers.

Li, 85, ranks as the eighth richest person on the 2013 Forbes’ world billionaires list with an estimated wealth of US$31 billion (HK$241.8 billion).

 

Share

Related topics

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive
 
 

 

4

This article is now closed to comments

johnyuan
From today's editorial: 'Hong Kong must develop partnership between business and universities' I commented the following:
Pursuit of knowledge is prime noble reason for the existence of universities that rightly should be supported by public or private alike. When a country or a place comes to need such pursuit universities may focus towards fulfilling such need. It is fair and not very controversial. But beware that the absent of pursuit of certain knowledge because of financial support from private sector individually or corporaively. Undue influence either silence or shout all mislead public. The Architecture Department of Hong Kong University I don’t think has participated in the public giving a critique – bad or good about Hong Kong’s architecture and town planning. Why such silence and disunity of the academic with the society especially when Hong Kong is in such a mess in those two areas? My advice to Hong Kong University is that stick to the pursuit of knowledge because Hong Kong may have better town planning and architecture. Just return the gift and accept gift watchfully in the future.
.
XYZ
He is giving HK$1 billion to the school on a schedule (probably something like $100 million per year) that the school itself agreed to at the time of the donation. I think his charitable giving is commendable and since the school agreed to the schedule when they accepted the gift, I see nothing wrong with that as well. Compared to Lee Shau Kee or Cheng Yu Tung, the man is a saint.
aplucky1
what a vile POS this guy is, will you die already
wait when he finally croaks everyone will say what a great man he was
daily
Li is so full of it............promises 1 billion so that the school would have to rename the building under the stupid LKS name.......and now he still hasn't coughed up the money yet.......that is not called donating........it is called cheating............
Hope they rename the building again in the future when LKS is about to croak..........should be anytime soon.
 
 
 
 
 

Login

SCMP.com Account

or