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IOI’s Foundation Awards RM333,000 in Scholarships to 14 Outstanding Students
10/11/2017Corporate Communications



PUTRAJAYA, 4 November 2017 – IOI Group’s foundation, Yayasan Tan Sri Lee Shin Cheng (Yayasan TSLSC), has awarded RM333,000 in scholarships to 14 outstanding students who are pursuing their full-time undergraduate studies at recognised local higher learning institutions.

The scholars were recognised for their excellent academic achievements and extra-curricular activities at the IOI Scholarship Presentation Ceremony which was held recently. IOI Corporation Berhad’s Chief Executive Officer Dato’ Lee Yeow Chor, who is also the Trustee of Yayasan TSLSC, and Executive Director of Yayasan TSLSC Datin Joanne Wong presented the certificates and cheques to the students.

To date, the foundation has disbursed more than RM6.3 million worth of scholarships to more than 250 students since its introduction. The scholarship awards are part of IOI Group’s Corporate Social Responsibility programme, in line with the foundation’s objectives in providing financial assistance to academically outstanding students and reducing the financial burden of their parents. The foundation’s educational and medical assistance initiatives aspire to contribute towards the betterment of society and community welfare.

“We are determined to groom these graduates by offering them internships and employment with IOI Group upon their graduation,” said Dato’ Lee. Selected students will have the chance to gain practical work experience as they undergo industrial training in IOI during their long semester break.

Meanwhile, first year scholarship recipient from Universiti Malaya, Ms Edwina Joyce Sebastian, who is pursuing her Bachelor of Environmental Management Science, aptly summarised the joy of the entire batch of scholars by stating the scholarship award “has certainly lightened the burdens of their parents and put a lot of their worries to rest.” The day’s programme included a presentation on IOI Group’s core businesses, the sharing of experiences by two previous scholars and also insights on Sustainability in IOI for Generation Z.

Some of the foundation’s intitiatives are the Young Achievers’ Awards, Student Adoption Programme, School Adoption Programme and collaborations with non-profit organisations such as HUMANA (Borneo Child Aid Society) and World Vision Malaysia in supporting the education of estate workers’ children and native children, respectively, in East Malaysia. Another community effort of Yayasan TSLSC is the opening of Bargain Basement, an innovative social enterprise, that encourages the public to donate pre-loved or unused items to help the community. This initiative enables the community to access quality items at a low price. All net proceeds are channeled to different charities biannually.

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