Cheng Hong Siang Tng donates $1m to SUTD for needy students to pursue high-quality STEM education

12 Mar 2021

The Cheng Hong Siang Tng donated S$1 million to the Singapore University of Technology and Design to establish the Cheng Hong Siang Tng – SUTD Education Opportunity Grant (SEOG). Mr Mohd Fahmi Aliman, Mayor of the South East District, graced the event as Guest-of-Honour, which was held at SUTD today.

(L-R) Mr Ang Chin Koon (Vice Chairman, Cheng Hong Siang Tng), Mr Tang Weng Kui (Chairman, Cheng Hong Siang Tng), Mr Mohd Fahmi Bin Aliman (Mayor, South East District), Professor Chong Tow Chong (President, SUTD).

The bond-free grant will provide financial support to financially disadvantaged undergraduates every year, with each student receiving S$7,500 a year towards tuition fees and study-related expenses. This is Cheng Hong Siang Tng’s second and largest donation to the university directed towards the establishment of student awards. More information about the SEOG can be found in Annex A.
 
Chairman of Cheng Hong Siang Tng, Mr Tang Weng Kui said, “There is a saying that education is the foundation that paves the way for the future. As technology rapidly advances, the future generations can stay relevant only through education. Cheng Hong Siang Tng’s mandate has always been to lend a helping hand to the needy – through this donation to SUTD, we hope that the youths from less well-to-do families can also afford higher education in the STEM fields and define their own futures.”
 
Cheng Hong Siang Tng also presented S$5,000 worth of NTUC vouchers to the Geylang Serai constituency. These vouchers will be distributed to needy families in the constituency.
 
Guest-of-Honour Mayor Fahmi said: “I am heartened that a community leader like Cheng Hong Siang Tng is giving avidly to society and towards education. As a nation, it is vital to invest in the next generation of leaders who will steer the future of the nation in the coming years. I hope that we will see more leaders stepping up to contribute to education, and play a part in nurturing Singapore’s young talent.”
 
SUTD President, Professor Chong Tow Chong said: “At SUTD, we are committed to ensure that no deserving student will miss out on our unique design-centric education because of their financial circumstances. With several financial aid schemes, including the SEOG, we believe that these students can wholeheartedly access our programmes to better the world, free from monetary concerns. We are especially grateful to Cheng Hong Siang Tng for helping to make this a reality with their generous donation.”
 
More information on financial support schemes can be found in Annex B.