The Chinese property developer Heung Kong has announced that it has donated CNY30 million to the charitable organization Guangdong Foundation for Poverty Alleviation.
Guangzhou-headquartered Heung Kong is reported to be the first private company in China to launch a private national foundation, which is known as the Heung Kong Charitable Foundation, or the Heung Kong Social Assistance Foundation.
Since the establishment of this charitable foundation the company has donated a total of CNY800 million.
Founded in 1990, Heung Kong's business covers the distribution of home furnishings, real estate development, and investment in metals and energy resources.
