Latest news with #EdwinLee
Straits Times
16-07-2025
- Sport
- Straits Times
Singapore sport gets $500,000 boost via SOF-Edwin Lee Yong Chuan Sports Fund
(From left) Ms Nicole Lee, daughter of the late Edwin Lee, alongside Singapore National Olympic Council president Grace Fu, presents a $500,000 check on behalf of the Lee Kim Tah Family Foundation to Singapore Olympic Foundation chairman Ng Ser Miang. SINGAPORE - When he was 12, Gary Tan had an opportunity that most young swimmers could only dream of – a trip to the United States for a training programme. Tan, now the national coach and performance director (swimming) at Singapore Aquatics (SAQ), recalls the experience as something that inspired him to pursue his love for swimming and sport even further. In the decade that followed, he went on to set four national swimming records and represented Singapore twice in the Olympics. The 43-year-old remains grateful to the man who gave him that opportunity – Edwin Lee, then-president of the Chinese Swimming Club. It was Lee who personally funded the trip for Tan and 59 other athletes from the club. Tan said: 'For Uncle Edwin, as we affectionately called him, he really has devoted a lot of effort and time into promoting sports, and being able to harness athletes, to give them an opportunity to train overseas, or even if they have expenses that need to be covered. 'He didn't want anything in relation to show that he was donating this amount of money, but what he wanted was to bring out the best in the individual.' Now, Tan is hoping to motivate others in the sport through SAQ's latest initiative, the SAQ Next Gen Coaching Scholarship, which aims to support the development of a selected coach by sponsoring their training at the association's National Training Centre (NTC). The scholarship recipient will receive a stipend during the 12-month programme, which will see him or her gaining experience and coaching development in a high performance environment, as well as learning to integrate sports science into their own training programmes. Top stories Swipe. Select. Stay informed. Singapore Over 600 Telegram groups in Singapore selling, advertising vapes removed by HSA Singapore Strong argument for cockpit video recording, says Iata chief in wake of Air India crash report Asia Former deputy minister seen as surprise front runner for Malaysia's next Chief Justice: Sources Singapore Baby died after mum took abortion pills and gave birth in toilet; coroner records an open verdict Singapore Qantas flight from Singapore to Sydney delayed for days due to mechanical issues Business Tycoon Robert Kuok's daughter Kuok Hui Kwong appointed CEO of Shangri-La Asia Singapore Acute psychiatry services to be expanded across all healthcare clusters: MOH Singapore New network links Home Team psychologists, mental health bodies to boost emergency response The scholarship will be seed funded through the Singapore Olympic Federation (SOF)-Edwin Lee Yong Chuan Sports Fund, which was established with the donation of $500,000 by the Lee Kim Tah Foundation (LKTF) in honour of the late Edwin Lee. Lee, who died in 2021 aged 65, was a veteran sports administrator who served as president of the Singapore Tennis Association and Singapore Taekwondo Federation, vice-president of the Singapore Table Tennis Association (STTA), and treasurer of the Singapore National Olympic Council (SNOC), over decades. The former CEO of property developer Lee Kim Tah Group was also a director at the SOF. His daughter Nicole Lee said in a statement: 'For most of his life, Dad was passionate about inspiring young athletes and helping them to achieve their sporting dreams. Through this Fund, we hope to continue his legacy.' Launched on July 16 at the World Aquatics Championships Arena, the fund is aimed at advancing competitive sport in Singapore. While its first initiative is focused on swimming, it could include other sports in the future. Speaking at the launch, SOF chairman Ng noted that swimming was one of the sports that Lee was most passionate about, adding that the latter was also instrumental in developing the Foreign Sports Talent Scheme for the STTA, which reaped Singapore's first Olympic medal in 48 years in Beijing 2008. SAQ president Kenneth Goh said: 'We are channeling more attention to develop local coaches. They know the system, they know the swimmers, they can communicate better, and the goal is for these coaches to eventually plug into the club system as well. 'We have more attention on the sport, so we hope to see an increase in participation. So corresponding with that increase in the level of participation, we also need to level up the quality and quantity of the coaches as well.' He added that the funding was essential in enhancing the scholarship, which had previously existed as a scheme to allow coaches to spend time in the NTC, and he hopes that the scholarship recipient will be able to help develop swimmers at different levels in the clubs. Ms Grace Fu, SNOC president and Minister for Sustainability and the Environment, was present at the launch on July 16. She said: 'Community support plays a vital role in Singapore's sporting journey. Through their generous donation, Mr Edwin Lee's family joins a meaningful philanthropic effort that partners with the Singapore Olympic Foundation and our stakeholders to build a stronger, more sustainable sporting ecosystem for the future.'
South China Morning Post
18-04-2025
- Business
- South China Morning Post
Hong Kong retail property fund suffers 30% capital loss on 3 deals amid market gloom
Bridgeway Prime Shop Fund Management, which invests in retail and shop lots in Hong Kong, has suffered a hit of about 30 per cent in three deals over the past two months as geopolitical tensions and diminished bets on rate cuts hurt prices and market sentiment. Advertisement The fund sold a ground-level shop at Tung Lee Mansion in Sai Ying Pun for HK$15.6 million (US$2 million) last week, founder Edwin Lee told the Post on Thursday. It purchased the asset for HK$24.5 million three years ago, according to Land Registry records. Earlier this month, it sold a ground-level shop at One Eighty in Shau Kei Wan for HK$20.1 million, versus its average acquisition cost of HK$25 million in July 2023. Last month, Bridgeway divested a ground-level shop at 126-128 Woosung Street in Kowloon for HK$18.7 million, after paying HK$27.5 million for it three years ago. 03:39 Shop occupancy recovers in Hong Kong, but vacant stores still visible across the city Shop occupancy recovers in Hong Kong, but vacant stores still visible across the city Overall, the fund suffered a HK$22.6 million capital loss from the three disposals. 'We will keep offloading our assets to cash out around HK$300 million,' Lee said. The fund is boosting its liquidity to invest in other assets with good potential amid the market stress, Lee added. The capital market would definitely be impacted by the US-China trade war as investment confidence weakens, he said, reiterating his view during an interview last month. Advertisement
South China Morning Post
05-03-2025
- Business
- South China Morning Post
Hong Kong retail property fund Bridgeway sells Jordan shop at 30% discount
A veteran Hong Kong property investor has sold a shop in Jordan at a loss of more than 30 per cent as the market remains depressed amid falling retail sales and high interest rates. Advertisement Edwin Lee, the founder of Bridgeway Prime Shop Fund Management, the first Securities and Futures Commission-licensed fund manager focused exclusively on shops and retail property, said his fund on Monday sold a ground-level shop at 126-128 Woosung Street for HK$18.7 million (US$2.4 million) after acquiring it for HK$27.5 million three years ago. A gauge of private retail properties compiled by the Rating and Valuation Department has slumped nearly 30 per cent since Lee acquired the asset in July 2022. The index stood at 380 in December compared with a peak of 601 in November 2018 when the city's property market was booming. 'To maintain the fund's liquidity, we will continue to buy and sell shops with good potential,' he said. 'Just like developers, we can't hoard our stocks and wait while the market continues to drop.' Bridgeway Prime Shop Fund Management founder Edwin Lee pictured in November 2016. Photo: K. Y. Cheng Lee, who forayed into property investments in 2009, said it was his fund's first loss since it was set up in 2016. He said the sale was not due to any liquidity problems and the fund was not under any financial pressure. Advertisement Lee said Bridgeway would continue to offload retail units as sentiment in the property market continues to improve, citing rising transactions driven by a stock market rally.
