TYCOON Oei Hong Leong presented $7 million to the Lee Kuan Yew School of Public Policy on Tuesday to fund the studies of its post-graduate students from China.

His donation arose from the perfect timing of his trades of one million AIG shares that he donated to the school.

Mr Oei, 60, had scooped up shares of the embattled American insurer at US$1.80 (S$2.64) a piece on the birthday of Minister Mentor Lee Kuan Yew, who turned 85 on Sept 16.

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