The Hong Kong University of Science and Technology (HKUST) received donations from Mr Sukanto Tanoto, Chairman of RGE Group, to boost the study on Asian family business, entrepreneurship and business cases. In appreciation of this act of generosity and support, the University named the Tanoto Center for Asian Family Business & Entrepreneurship Studies in his honor. 

Mr Tanoto said, "My foundation supports the Tanoto Center for Asian Family Business and Entrepreneurship Studies here in HKUST, which will produce top-quality research on topics that are very close to my heart - Asian family businesses and entrepreneurship. The Tanoto Foundation believes strongly in education and we look forward to seeing this Center facilitate better dialogue and deeper understanding about the distinctive characteristics, management challenges, and globalization opportunities in Asian family businesses."

Among the guests at the ceremony were Mr & Mrs Sukanto Tanoto; HKUST President Prof Tony F Chan, Provost Prof Wei Shyy, Vice-President Dr Eden Y Woon, Dean of Business & Management Prof Leonard Cheng, and Prof Roger King, Director of the Center.