Li Ka-shing and Henderson Land pledge 30 million yuan for Nepal-Tibet flood relief
Conglomerates and foundations donate to support victims of catastrophic Himalayan flash floods
Quick Look
Tycoon Li Ka-shing's conglomerate and Henderson Land Development have each pledged 15 million yuan to aid victims of deadly flash floods along the Nepal-Tibet border, which have left over 1,000 dead and thousands missing.
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Why It Matters
A massive wall of mud and rock collapsed into a river along the Himalayan border between Nepal and Tibet, triggering catastrophic flooding.
Tycoon Li Ka-shing and his family-backed conglomerate, along with Henderson Land Development and the Lee Shau Kee Foundation, have pledged 15 million yuan (US$2.2 million) each to support relief efforts for victims of the deadly flash floods along the Nepal-Tibet border.
Li family-owned CK Asset Holdings, CK Hutchison Holdings and the Li Ka Shing Foundation, as well as Henderson Land and the Lee Shau Kee Foundation, expressed condolences to those affected by the disaster.
The donations were made through the Liaison Office of the Central People’s Government’s disaster relief account to support affected residents in the region.
Last Wednesday, a massive wall of mud and rock collapsed into a river along the Himalayan border between Nepal and Tibet, triggering catastrophic flooding that has killed more than 1,000 and left thousands missing.
As of Tuesday 8am, 1,010 people have been reported dead and 4,599 missing, while Chinese state news agency Xinhua said 16 people had died and 546 others remained missing in Tibet.
Over the past week, Hong Kong’s Nepalese community and other local organisations have launched fundraising drives, including HK$50 million (US$6.3 million) to the Disaster Relief Fund, HK$20 million from the Hong Kong Jockey Club, and 30 million yuan from the Macau government.
Open Questions
- What is the current status of the search and rescue operations?
- How will the funds be distributed to the affected residents?
