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Lee Kum Kee finances bridge construction in China

Source:Lee Kum Kee International Holdin Release Date:2011-12-20 417
Food & Beverage
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HONG KONG -- Sauce and condiments giant Lee Kum Kee agreed to donate RMB 68 million to the Xinhui District authority in August to construct two bridges Xinhui District and Qibao in Guangdong, where rapid economic development of has imposed mounting pressure on its infrastructure. The bridges will be named after Mr Lee Man Tat, group chairman of Lee Kum Ke, and Infinitus. The signing of the agreement and the laying of the foundation stones for the two bridges took place on Sunday, 18th December 2011.

Wei Zhi Ping, Secretary of Xinhui District, recalled at the ceremony that Nan Tan and Qibao were two isolated islands separated by rivers in Xinhui before 1990s. Local people found it inconvenient to travel to nearby areas, but compatriots who loved their hometown showed their support by donating funds to construct a number of bridges.

“Since then, the economy in Xinhui started to take off. Over a decade now, the area has become an industrial base for food products, health products, paper and paper products, as well as environmental business,” Mr Wei explained. “Today, Lee Kum Kee through Mr. Lee Man Tat has carried this fine tradition forward by donating RMB 68 million to build two more bridges named after Mr. Lee Man Tat and Infinitus."

The completion of the Lee Kum Kee Bridge and Infinitus Bridge will further improve the investment environment here and contribute to our economic and social development, Mr Wei also predicted.

Lee Kum Kee established its business in Xinhui in 1995 and has since become a flagship enterprise in the district.

Mr Lee Man Tat remarked, that ‘Considering Others' Interests ('Si Li Ji Ren'), the core value of Lee Kum Kee, is not just a slogan. “We have the responsibility and obligation to assist the authority in building the two bridges for the benefit of the community,” he said.

Lee Kum Kee will also take part in other civic projects. “We have also promised to donate RMB 8.5 million in order to support the authority in extending the roads from the intersection of Qibao to Chong Li Qiao, building teachers' dormitory for Lee Man Tat Secondary School, constructing Qibao Branch Building of Xin Cheng Hospital, and other infrastructure” Mr Lee said. “We will always bear in mind that as we gain through the expansion of our business, we also make contribution to the economic development of Xinhui and the motherland. We will continue to uphold the spirit of 'Si Li Ji Ren'and devotion to charity to make contribution to the community.”

The sauce and condiment company said it persistently upholds its business ethos of "Si Li Ji Ren", pragmatism, integrity and constant entrepreneurship. Through years of relentless efforts, it has scored many top honours in Xinhui. In 2005, the Group became the first enterprise in Xinhui to have paid over RMB 100 million in tax. In 2010, it was the first enterprise in Xinhui to achieve production of over RMB 10 billion in value and to pay over RMB 1 billion in tax.<Heel Shoes Boat Shoes

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