CapitaLand sets up RMB10 million healthcare fund to support relief efforts in China

Fund to assist China’s nationwide medical and healthcare related efforts in fight against Novel Coronavirus

CapitaLand, through its philanthropic arm, CapitaLand Hope Foundation (CHF), has set up a RMB10 million healthcare fund to support relief efforts in China.

Singapore, 27 January 2020 – CapitaLand, through its philanthropic arm, CapitaLand Hope Foundation, has set up a RMB10 million healthcare fund to support relief efforts in China. Administered by the China Foundation for Poverty Alleviation (CFPA), the fund will be used to assist nationwide medical and healthcare related efforts in China’s fight against the Novel Coronavirus (nCoV).

Under the guidance of China’s National Health Commission and relevant authorities in Hubei Province, the first phase of the fund will be disbursed for the procurement of medical supplies, protective gears and testing kits for hospitals in Wuhan. Post-emergency, the fund will support nationwide healthcare and rehabilitation efforts in China.

On 1 February 2020, the first batch of 750 cartons of medical gloves (worth RMB375,000) was dispatched to Wuhan Union Hospital and Tongji Hospital in Wuhan.

Mr Lee Chee Koon, Group Chief Executive Officer, CapitaLand Group, said: “The nCoV situation is constantly evolving and every hour brings new developments. During these trying times, the health and well-being of our employees, customers and partners are our topmost priority. In addition to taking the necessary precautionary measures at all our properties, we are working closely with the different local authorities in our markets to offer our support."

“Setting up the RMB10 million healthcare fund is part of our contributions to support China's fight against nCoV. We are all in this together. Now more than ever, we need to keep our spirits up and work together to help contain the situation.”

Mr Tan Seng Chai, Chief Corporate & People Officer for CapitaLand Group and Executive Director of CapitaLand Hope Foundation, said: “CapitaLand has been in China for over 25 years and we will continue to stand by the country in times of need. In line with CapitaLand's credo of 'Building People. Building Communities.', the newly set up healthcare fund aims to support and rally the local communities in building a better tomorrow together. We will work closely with the relevant authorities in China to ensure the relevance and timeliness of our emergency and post-emergency relief efforts.”

In these trying times, CapitaLand pays tribute to all the frontline warriors at its properties in Wuhan and the rest of China for working tirelessly and selflessly to keep tenants, shoppers, guests and employees safe.

The next batch comprising about RMB200,000 worth of disinfectant and surgical masks will be sent to the Tongren Hospital in Wuhan and Wuhan Union Hospital respectively, as the total fund value is systematically utilised to support nationwide healthcare and rehabilitation efforts in China.

Click here to read the article on CapitaLand's official wechat account.