Linacre College plans to become Thao College, after businesswoman Nguyen Thi Phuong Thao pledged a donation of ￡155million. She is chairman of Sovico Holdings, the parent company of VietJet Air, which invests in a number of real estate and energy projects. Linacre College has signed a memorandum of understanding with Sovico Group - represented by Ms Thao - to receive the massive philanthropic donation.

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