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Khoo Teck Puat: Tan Sri Khoo Teck Puat
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The late Tan Sri Khoo Teck Puat was a student of SJI in the late 1920s and early 1930s. He was a loyal old boy and ardent supporter of SJI, having made several significant donations over the years but had always insisted on anonymity. The trustees of the estate have decided to continue with his legacy of donating to education, especially for SJI, his alma mater. This donation of $5 million will go to SJI International to provide scholarships for promising students from Singapore and the Asian region, especially those from lower income families.
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When Tan Sri Khoo Teck Puat passed away on 21 February 2004 at the age of 87, he was the largest individual shareholder in Standard Chartered PLC (Stanchart). Having established himself as an accomplished banker in Singapore, he started up Malayan Banking Berhad (known today as Maybank) in 1960. Tan Sri Khoo brought banking to the people of Singapore and Malaya (later Malaysia) by developing a network of 106 branches, not just in major cities but ... small towns. He viewed banking as a service to the community and opened branches in rural areas where other banks did not operate. Malayan Banking also grew internationally and distinguished itself as the first local bank to open a branch in London. Between 1960 and 1965, Malayan Banking became the fastest growing bank in the world.
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The Estate of Tan Sri Khoo Teck Puat, in Singapore, has announced a gift of S$80 million to the Duke-National University of Singapore (NUS) Graduate Medical School Singapore (GMS) to grow the school’s biomedical research initiatives. The gift, the largest single donation granted by the Estate to date, will be matched dollar-for-dollar by the Singapore government, bringing the total sum to $160 million (about $104 million in U.S. dollars).
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Tan Sri Khoo Teck Puat (1917-2004), a successful Singaporean financier and hotelier whose ancestors came from Xiamen of China, made remarkable contributions to Singapore's charity societies and education institutions. After he died in February 2004, his successors have continued to donate to medical, health and education organizations with beneficiaries not limited to Singaporean.
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[I]t was the latest bout of conjecture over the fate of the 13 per cent stake held by the estate of Tan Sri Khoo Teck Puat that drove yesterday’s recovery. Mr Khoo, a Singapore financier, died last February leaving the banking world second-guessing what would happen to his family’s 160 million shares, the first of which were acquired in 1986 to fend off a takeover by Lloyds TSB. Given the scale of that holding, any buyer is expected to use the block as a platform to launch a bid for the bank as a whole This meant that yesterday’s suggestion that JP Morgan sounded out the family on a sale sent Standard up 20p at 955½p. The US bank drew back from lending to Asia after suffering losses in the wake of the region’s 1997 currency crisis and has recently focused on expanding at home. However, analysts think it is looking overseas once more.
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St Joseph's Institution International's scholarship drive has received a big boost, following a donation of $5 million from the estate of the late Tan Sri Khoo Teck Puat. The estate represented by Mrs Mavis Khoo Oei presented the donation to Bro Michael Broughton, Brother President of SJI International, at Goodwood Park Hotel this evening. The presentation was witnessed by Dr Tony Tan, Patron SJI International Leadership Council, and about 40 SJI old boys and well-wishers.
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Tan Sri Khoo Teck Puat