KUALA LUMPUR, Feb 25 (Bernama) -- Berjaya Group founder Tan Sri Vincent Tan
today pledged to transfer RM600 million worth of shares in two of his companies
to the Better Malaysia Foundation which he set up for charitable causes.
This would be done this year via RM400 million worth of shares in U-Mobile
Telecommunication Berhad that would be listed and RM200 million in the form of
Irredeemable Convertible Unsecured Loans (Iculs)of Berjaya Corporation Berhad,
he announced at the Berjaya Founder''s Day celebration at Berjaya Times Square
During the inaugural Berjaya Founder''s Day celebration last year, the
billionaire had pledged to donate half of his wealth to charity during his
When he turned 60 two days ago, Tan announced he had relinqushed his
position as chairman of the group after earlier giving up the CEO post to his
eldest son, Datuk Robin Tan.
"It is by no means an easy decision to make as Berjaya has been a part of my
life. As I turned 60, I had to reset my priorities to seek rewards other than
financial so I could devote more time for other causes," he said.
BERJAYA-VINCENT 2 KUALA LUMPUR
The Better Malaysia Foundation, formerly known as VTCY Foundation, carries
out activities in various fields to make Malaysia a better place for all to
live. VTCY stands for Tan''s full name, Vincent Tan Chee Yioun.
Turning to his son, he said: " He is capable and I am confident he can take
Berjaya to a higher level while I remain as adviser to the group. He is my
eldest son and has measured up although not every eldest son measures up".
On his role as adviser, he quoted former prime minister Tun Dr. Mahathir
Mohamad that he wants to be like a British adviser, " which means you must take
Tracing his childhood, Tan said he managed to study up to Form 5 only
because his family could not afford to see him through to university.
But he attributed his first big break in life to his proficiency in the
BERJAYA-VINCENT 3 (LAST) KUALA LUMPUR
" If I had not been able to speak English, do you think MacDonald (the
American fast food chain) would have given me the franchise," he said.
Tan said he would give full support to any efforts to provide English
proficiency to young Malaysians as he believed this would greatly enhance their
The Better Malaysia Foundation would allocate RM10 million over the next
five years to build English language learning centres, he said.
Tan, who recently bought the English football club Cardiff City, said he had
always been very proud to be Malaysian and it was for this reason that the
country''s name appears on the team''s jerseys.
" Whatever people say, Malaysia is a great country and I am very proud to be
Malaysian. That''s why I tell my Malay friends: " Ini tanah tumpah darah ku" (
this is my country).
Tan will leave for London tomorrow in time for Sunday''s League Cup final at
the Wembley Stadium where Cardiff City play English Premier League Liverpool.
"God willing, we will win," he said with a broad smile.
At today''s celebration, Tan also handed over donations worth RM11.6 million
to 61 charitable bodies.
Also present was Sultan Hajah Kalsom of Pahang.
AU AU HA