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Stephen Riady donates $10M to the NTUC Education and Training Fund in support of continuous education in Singapore

2017-08-25 15:49

SINGAPORE, Aug. 25, 2017 /PRNewswire/ -- Dr Stephen Riady, Executive Chairman of OUE Limited ("OUE"), has donated $10 million to the NTUC Education and Training Fund (NETF) through the Stephen Riady Group of Foundations.

OUE Executive Chairman Stephen Riady at the newly unveiled Stephen Riady Auditorium @ NTUC
OUE Executive Chairman Stephen Riady at the newly unveiled Stephen Riady Auditorium @ NTUC

In appreciation of Dr Riady's support, the Labour Movement of Singapore has renamed the NTUC Auditorium at One Marina Boulevard, NTUC Centre, to Stephen Riady Auditorium @ NTUC. The newly named auditorium was unveiled at a ceremonial event led by NTUC President Mary Liew and NTUC Secretary-General Chan Chun Sing

The donation forms part of the $25 million that the National Trades Union Congress (NTUC) has raised to date, aimed at advancing the professional development of Singapore's workforce through subsidised education and training opportunities.

"Everyone can acquire new knowledge and skills through education and continuous learning. I am pleased to support the mission of the NTUC Education and Training Fund to equip the working population in Singapore with relevant skills for the future economy," said Dr Riady.

The Labour Movement will continue to reach out to more donors in the coming months as it works towards the target of injecting a total sum of $200 million into the NETF.

About OUE Limited

OUE Limited (SGX-ST: OUE) is a diversified real estate owner, developer and operator with a real estate portfolio located in prime locations in Asia and the United States. OUE consistently grows its business by leveraging its brands and proven expertise in developing and managing landmark assets across the commercial, hospitality, retail, residential and healthcare sectors. With its core strategy of investing in and enhancing a stable of distinctive properties, OUE is committed to developing a portfolio that has a strong recurrent income base, balanced with development profits, to enhance long-term shareholder value. OUE is the sponsor of OUE Hospitality Trust and OUE Commercial Real Estate Investment Trust. In March 2017, OUE acquired International Healthway Corporation Limited, a listed integrated healthcare services and facilities provider.

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For further information, please contact:

Jordan Isac
Tel: +65 6809 6052

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Source: OUE Limited
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