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SGX flagship charity initiative receives $1 mil from AMTD Charity Foundation

Felicia Tan
Felicia Tan9/28/2020 06:16 PM GMT+08  • 3 min read
SGX flagship charity initiative receives $1 mil from AMTD Charity Foundation
The amount is the largest single donation in recent years.
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SGX Bull Charge, the flagship charity initiative of the Singapore Exchange (SGX) has received a total of $1 million from the AMTD Charity Foundation on September 28.

The amount, according to SGX, is the largest single donation made to the charity in “recent years”.

AMTD Charity Foundation is donating $500,000 to SGX Bull Charge ahead of its 17th annual Charity Run. The proceeds will be channelled through Community Chest to this year’s adopted beneficiaries in Singapore – AWWA Ltd., Autism Association (Singapore), Fei Yue Community Services, HCSA Community Services and Shared Services for Charities.

The Foundation will also donate another $500,000 directly to Community Chest. It will work with the latter to identify charities and programmes to support.

“We are delighted to establish a long-term partnership with SGX and Community Chest to provide our support to the community especially to the underprivileged and the needy ones. During this global pandemic, we appreciate the importance of showcasing our love and committing our support to anchor the community by reaching out directly to the beneficiaries,” says Calvin Choi, Chairman and Chief Executive Officer of AMTD Group, as well as Founder and Chairman of AMTD Charity Foundation.

“We are grateful for the SGX Bull Charge programme’s partnership together with the Community Chest so that we can deliver our contributions locally this year through this virtual charity run,” Choi adds.

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SGX Bull Charge Chairman and Head of Global Sales & Origination at SGX Chew Sutat says, “We are delighted by this tremendous pledge of support from AMTD Charity Foundation, which will go a long way in making a difference to our beneficiaries during these difficult times.”

“With just over a month to the Virtual Charity Run flagoff, their commitment is bringing renewed energy to our fundraising efforts and we thank them for their partnership,” Chew adds.

Phillip Tan, Chairman of Community Chest, says the organisation is “deeply encouraged by the strong and sustained support from SGX and the financial industry to fundraise for those in need through SGX Bull Charge”.

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“We thank AMTD Charity Foundation for joining us in this meaningful cause as a testament to the importance of collective efforts in uplifting the lives of the vulnerable. The COVID-19 pandemic has united us all in enabling care and assistance to those in our community who need support most during this difficult time and I am confident we will all emerge stronger together,” Tan adds.

Shares in SGX closed 20 cents higher, or 2.2% up, at $9.20 on September 28.

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