Three companies pledge RM2 mil cash prize for Malaysia’s first Olympic gold

Yinson, Matrix Concepts and MJ Health Screening Centre the latest firms to promise lucrative rewards

9:06 PM MYT

 

KUALA LUMPUR – Three more sponsors from the corporate sector have pledged a cash reward of RM2 million to any Malaysian athlete who succeeds in winning the nation’s first gold medal at the Paris Olympics.

A statement from the Youth and Sports Ministry, said the three companies – Yinson Holdings Bhd, Matrix Concepts Holdings Bhd and MJ Health Screening Centre – were stepping up to motivate the 26 competing athletes. 

“Yinson Holdings Bhd will contribute RM1 million, while Matrix Concepts Holdings Bhd and MJ Health Screening Centre will each provide RM500,000.

“The total amount of RM2 million will be awarded to the athlete who wins Malaysia’s first gold medal in Paris,” the statement read. The prize money will be divided equally among the first gold medallists in a team event.

In the same statement, Youth and Sports Minister Hannah Yeoh expressed confidence that this sponsorship would ignite the spirit of the Malaysian contingent to bring home the first gold medal from the world’s most prestigious sporting event.

“I would like to thank all the sponsors for their contributions and their confidence in our athletes’ ability to bring home Malaysia’s first gold medal. I am certain that they will give their best in Paris,” said Hannah.

Echoing Hannah’s sentiments, Datuk Hamidin Mohd Amin, Malaysia’s chef de mission for Paris 2024, described the incentive as an inspiration for the athletes. 

Previously, Top Residency contributed RM1 million in real estate, offering luxury service apartments, while Senheng New Retail Bhd’s executive chairman Lim Keng Heng pledged RM1 million to national badminton players Aaron Chia, Soh Wooi Yik and Chen Tang Jie under its Badminton SS Talent programme.

Additionally, Chinese car manufacturer Chery Malaysia has pledged to reward any medal-winning athletes at the Olympics with an SUV. 

The opening ceremony of the Paris Olympics will take place at 1am tomorrow, Malaysian time. – July 26, 2024

Topics

 

Popular

Petronas staff to be shown the door to make up losses from Petros deal?

Source claims national O&G firm is expected to see 30% revenue loss once agreed formula for natural gas distribution in Sarawak is implemented

FashionValet a loss-making entity before and after Khazanah, PNB’s RM47 mil investment

GLICs bought stakes in 2018, company records show total RM103.3 million losses after tax from 2017 to 2022

[UPDATED] Petronas confirms ongoing productivity reviews to ‘eliminate inefficiencies’

Responding to Scoop, industry giant said it aims to become ‘operationally focused, commercially agile and cost-efficient’, but did not clarify if it is linked to Petros deal

Related