ACS (BR) gets 1m shares
A WELL-WISHER has donated
1 million shares in Trek 2000 International Ltd to Anglo-Chinese
School (Barker Road). This was disclosed by Mr Tan Chee Chye,
Chairman of the Methodist Schools' Foundation (MSF), in his annual
report for the year 2002.
Mr Tan said that the MSF is holding the shares as trustee for
ACS (BR) as the school is not a legal entity and cannot hold the
shares in its name.
The MSF will receive a commission of 1 per cent on the sale of
the shares as service fee for housing the shares.
Mr Tan also disclosed that the MSF had been chosen by Wesley Guys
& Gals to be given the group's donation for the year 2002.
He attended their 15th anniversary event at the Amara Hotel on
July 27, 2002 and received the charity award on behalf of the
He highlighted these other points:
of professional fund managers, under the chairmanship of Mr Sandy
Eu, has been assigned to manage the MSF funds. As at July 2002,
the fund stood at $5,346,723.
has been recognised as an Institution of Public Character. From
Jan 1, 2002 most donors were able to benefit from double tax deduction
(twice the donation value).
timely for the MSF to look at attracting estate donations.
will also be developing online, telemoney and credit card donations.