Kim Hin International Pte Ltd establishes Pang Leong Chwee Scholarship at SMU with $500,000 endowed gift
Kim Hin International Pte Ltd (Kim Hin International), the company behind childcare and maternity brands – Mothercare, Early Learning Centre, Snapkis and Mimosa – has made a generous contribution of S$500,000 to set up the Pang Leong Chwee Scholarship at the Singapore Management University (SMU). The scholarship, named after company founder Mr Pang Kim Hin’s late father, aims to inspire talented undergraduates to pursue a career in retail.
The gift and new scholarship were officially announced at Mr Pang Kim Hin’s 70th birthday celebration held on 14 July 2019. Mr Pang established the scholarship to honour his father, the late Mr Pang Leong Chwee.
Starting from Academic Year 2019-2020, the Pang Leong Chwee Scholarship will be awarded annually in perpetuity to two full-time undergraduates pursuing the Retail and Services Management Track (under the Marketing Major) or studying retail-related modules at SMU’s Lee Kong Chian School of Business.
Candidates for this scholarship must also have a good track record of leadership and service, be in good academic standing, and demonstrate financial need. The bond-free scholarship, which offers financial support towards the recipients’ annual tuition fees and other study-related expenses, is valued at $11,250 per award. Recipients will also be given the opportunity to participate in an internship programme with Kim Hin International and/or one of its designated firms or subsidiary companies in Asia. One of Kim Hin International’s subsidiary company is Kim Hin Joo Berhad, which had just recently been listed and made its debut trading on the Malaysian Ace Market.
SMU President, Professor Lily Kong, said, “We would like to express our sincere appreciation to Mr Pang Kim Hin and Kim Hin International for their generosity. This new gift and scholarship will enable less privileged students to focus on their studies and enjoy a fulfilling university life that is free from financial worry. Open to students taking the Retail and Services Management Track and retail-related modules, the scholarship also supports the endeavours of the Lee Kong Chian School of Business and the SMU Retail Centre of Excellence to inspire the younger generation to recognise the potential and opportunities of a career in retail of the future.”