Singapore, 25 October 2011 – NOL Group today awarded its first two $12,000 university scholarships in remembrance of the late shipping industry visionary Mr. Lua Cheng Eng. Grants went to Singapore Management University (SMU) students Lim Wei Hong and Daniel Lee Boon Onn from the NOL-Lua Cheng Eng Memorial Scholarship.
Mr. Lua, who passed away in November 2010 at the age of 72, was CEO of Singapore-based NOL Group for 22 years beginning in 1977. The shipping and logistics company endowed the $400,000 scholarship programme in his name at SMU in February 2011.