The president of the Chinese company Fuyao Glass, Cao Dewang, indicated that he wants to donate 676 million action of the company (with a present value superior to the 590 million dollars, or about 470 million Euros) to create a beneficial foundation, informed the local press today.
If the foundation is approved by the national authorities would completely become the first cradle in action, they explained from the Shared in common Federation Fujian to the newspaper “Chengdu Business”.
Cao wants through this social work to grant humanitarian scholarships in schools, projects, aid for the poor men and helps for the religious groups in China, according to informed in a document that did not need how the actions were going to be turned to money.