NTU said the gift from Dr Wee, its Pro Chancellor, will go towards the establishment of a new scholarship fund at the Nanyang Business School for students in the Master of Science (Finance) programme.
Dr Wee's gift will attract a dollar-for-dollar matching grant from the Singapore government, resulting in a S$6 million endowed fund that will support four Wee Cho Yaw Scholars each year.
Valued at S$60,000 each, the scholarships will cover the tuition fees, as well as living and travel allowances for selected scholars on the full-time, one-year bilingual programme conducted in English and Chinese.
The gift is part of Dr Wee Cho Yaw's on-going efforts to strengthen ties and collaboration between Singapore and China.
- CNA/ck
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