PETALING JAYA: Billionaire T Ananda Krishnan and the Usaha Tegas Group have launched the Yu Cai Foundation (YCF), which will principally focus on giving grants to educational institutions which promote the study of Mandarin and English.
Seed funding of RM50mil has been provided for YCF, while Pan Malaysian Sweeps Sdn Bhd, which operates the ‘Big Sweep’ sweepstakes, will donate its surpluses to the foundation.
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