In 1913, its leaders joined with other Chinese to found the Foon Yew School with Wong Ah Fook as manager and Lim Ah Siang as his deputy.
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Starting as a group of political dissidents under Tan Kee Soon, the Ngee Heng Kongsi gradually transformed itself into an organisation of towkays and revenue farmers under its second leader Major China Tan Hiok Nee.
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The remaining balance of $30,000 was donated to Foon Yew School to establish an endowment fund, a substantial sum in those days and a windfall for the struggling school.
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