Billionaire Ananda Krishnan in foundation to promote study of Mandarin and English

Tycoon T. Ananda Krishnan (left) with Datuk Seri Mahamad Fathil Mamood, who sits on the board of trustees of the Yu Cai Foundation, at the official launch of the foundation in Kuala Lumpur yesterday.

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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

BCorp announces changes in boardroom Premium
AMMB sells stake in AmGeneral Insurance to Liberty Insurance Premium
AmFIRST REIT to sell property for RM62mil Premium
SC announces new executive appointments Premium
Mohammad Hanis Osman appointed new CEO of Bank Rakyat Premium
TNB confident in govt's commitment to ICPT mechanism Premium
DNeX unit takes delivery of vessel for North Sea project Premium
Bursa Malaysia ends week on mixed note Premium
Mudajaya secures RM104mil construction earthworks job in Kedah Premium
Gamuda bags RM2bil contract for Rasau water treatment plant project Premium

Others Also Read