The Estate of Tan Sri Khoo Teck Puat has donated a total of 173.3 million yuan (US$21 million) for the construction of Peking University Gymnasium.

A donation agreement was signed in the university on Monday and was attended by Singapore Education Minister Tharman Shanmugaratnam, Vice Chairman of the Standing Committee of Chinese National People's Congress Han Qide, Chinese Education Minister Zhou Ji as well as Vice Mayor of Beijing and Executive Vice President of the Beijing Organizing Committee for the Games of the XXIX Olympiad (BOCOG) Liu Jingmin.

The gymnasium, to be named after Tan Sri Khoo Teck Puat, will be first used as the venue for table tennis events in the 2008 Olympics. The project is expected to cover an area of 17,100 square meters with a planned floorage of 26,900 square meters.

Tan Sri Khoo Teck Puat (1917-2004), a successful Singaporean financier and hotelier whose ancestors came from Xiamen of China, made remarkable contributions to Singapore's charity societies and education institutions. After he died in February 2004, his successors have continued to donate to medical, health and education organizations with beneficiaries not limited to Singaporean.