国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

BIZCHINA> Top Biz News
Billionaire wishes to donate wealth
(China Daily)
Updated: 2009-02-20 07:38

Billionaire wishes to donate wealth

Cao Dewang

If at the age of 14, when he dropped out of school because his farmer father could not afford his education, someone told Cao Dewang that he would one day be one of China's richest men, he probably would have laughed it off as a joke.

Donating billions of yuan to charity wasn't even a thought to comprehend. But then, he didn't know what destiny had in store.

Ranked by Forbes the 53rd richest man in China in 2008, the business tycoon from Fujian province, whose Fuyao group manufactures windshields for world-renowned carmakers like Volvo, Audi and Bentley, has decided to give away 70 percent of his shares in the firm to charity.

The shares amount to a staggering 4 billion yuan ($585 million).

Related readings:
Billionaire wishes to donate wealth Fuyao issue plan out the window
Billionaire wishes to donate wealth Fuyao sees window overseas

"I have decided to set up a charity fund, named after my father, He Ren, for which I will donate 70 percent of my shares in the Fuyao group," Cao was quoted as saying in the Beijing Morning Post yesterday.

He said the charity fund would aim to cover "educational programs, disaster and poverty relief, and religion", according to the report.

It the authorities give Cao's proposal a green light, the 63-year-old will become the country's most charitable person, surpassing fellow entrepreneur Yu Pengnian.

Cao said he will submit a formal application to the authorities next month, and expected the charity fund to be established by the end of this year.

Before Cao joined the Fuyao group (formerly known as Fuqing Gaoshan Glass) in 1983, after winning the contract to run the company, he worked as a herdsman and tobacco seller. By 1993, Fuyao had taken up 40 percent of China's market share.

The Ministry of Civil Affairs recently bestowed Cao with the title of one of "China's Top 10 Charitable Persons". So far, he has donated 200 million yuan to various charities, including 20 million yuan for the May 12 earthquake disaster relief last year.

Cao said that to ensure the stability of Fuyao shares, "the amount of operational shares is about 10 percent of its total sum".

In a Sina.com Internet poll, in which 21,416 people participated, 84 percent said successful entrepreneurs should give something back to society in charity. More than 96 percent hailed Cao for his charitable acts. 


(For more biz stories, please visit Industries)

 

 

马山县| 勃利县| 乐陵市| 德安县| 肇源县| 峨山| 彭山县| 商丘市| 安平县| 麟游县| 无棣县| 任丘市| 灵川县| 扎兰屯市| 福海县| 孟州市| 西贡区| 神农架林区| 禹州市| 道真| 沂水县| 南投县| 安徽省| 梁河县| 当涂县| 武宣县| 河西区| 婺源县| 内江市| 抚宁县| 枞阳县| 万宁市| 金昌市| 交城县| 凤台县| 衡山县| 绿春县| 乌苏市| 洮南市| 泰宁县| 利川市|