HK tycoon gives US$128mil to charity when share index above 30,000

Lee Shau-kee(filepic), nicknamed

HONG KONG: The billionaire chairman of Hong Kong developer Henderson Land said he would donate HK$1bil (US$128mil) to charity after the city’s benchmark index surpassed the 30,000-point level, keeping a pledge he made seven years ago.

Lee Shau-kee, nicknamed “Hong Kong’s Warren Buffett”, promised in his autobiography in 2010 that he would donate HK$1bil when the Hang Seng Index surpassed 30,000 points – a level last scaled in November 2007 – and would continue to donate that sum each year the index stayed above that level.