Neak Oknha Chen Zhi, Chairman of Prince Holding Group, one of Cambodia’s largest and fastest growing conglomerates, has donated US$2 million to assist the government of Laos in its efforts to combat the COVID-19 pandemic. Earlier in September, Chen Zhi had also contributed $1 million. Both donations heeded the call of Prime Minister Hun Sen to strengthen bilateral COVID-19 cooperation between the two neighboring countries.
The donation is finalized at the Peace Palace in Phnom Penh by Guy Chhay, board member of Prince Holding Group, on behalf of Chen Zhi. The two donations totaling US$3 million aim to support the people of Laos in their fight against the pandemic.
With Cambodia being one of the most vaccinated countries globally, Chen Zhi, an entrepreneur and business leader in the Mekong area, knows fully well how important it will be for Cambodian businesses to support neighbouring countries in their anti-COVID efforts. Being a leading Cambodian enterprise, Prince Holding Group also aims to contribute to the Kingdom’s leadership role in regional affairs at a crucial time for Southeast Asia.
Prince Holding Group, the holding group for leading companies like Prince Real Estate Group, Prince Bank, Prince Huanyu Real Estate, Belt Road Capital Management, Awesome Global and Cambodia Airways, has been at the forefront of CSR activities this year. This included the launch of one of country’s largest scholarships programmes (the “Chen Zhi Scholarship”) and the Group has secured eight international awards while maintaining business continuity despite the challenging backdrop.
About Prince Holding Group:
Prince Holding Group is one of the largest conglomerates in Cambodia, with its various units focusing on three core areas: real estate development, financial services and consumer services.
Prince Holding Group’s key business units in Cambodia include Prince Real Estate Group, Prince Huan Yu Real Estate Group, Prince Bank, Cambodia Airways, Belt Road Capital Management, as well as Awesome Global Investment Group. Via its subsidiaries, Prince Holding Group has over 80 businesses in Cambodia operating in real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverages, and lifestyle sectors etc.
Rising foreign direct investment, free trade agreements with leading countries and future participation in the Regional Comprehensive Economic Partnership are expected to act as key drivers for the Cambodian economy, supported by pro-industry policy initiatives by the government.
Leveraging a network of industrial, business and financial professionals across Asia, Prince Holding Group has laid the foundation to be a vital conduit for local and international capital. The Group is firmly committed to the long-term development of Cambodia. For example, Prince Holding Group is developing Ream City, an upcoming tourism and residential project that will be one of Cambodia’s first sustainable real estate projects, aiming to secure $16 billion in total investment for the region. Located conveniently within a 10-minute drive from the
Sihanoukville International Airport, the project aims to contribute to economic recovery in Sihanoukville.
For further enquiries of Prince Group, please contact:
Ms. LIM Seangheng
Two Way Public Relations
Tel: +855 69 773 961
Email: seangheng@twowaypr.com
