Neak Oknha Chen Zhi issued a statement on March 11 in response to the deteriorating situation in Cambodia as a result of the increasing number of COVID-19 cases. Chen Zhi, chairman of Prince Holding Group, commonly known as Prince Group, reaffirms the Group's commitment to social obligations by announcing plans to donate $3 million to Cambodia's government's anti-epidemic efforts. Chen Zhi has offered his assistance during the Kingdom's time of need and has voiced his strong support for Prime Minister Hun Sen's efforts to tackle the current epidemic.
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Prince Group is one of Cambodia's greatest corporate conglomerates, having operations in real estate development, banking and finance, aviation, tourism, logistics, technology, food and beverages, and lifestyle.
Cambodia had recorded 1,163 coronavirus cases as of 7 a.m. on March 11. While more than half of the cases have been cured, the Kingdom has recently observed a surge in cases as a result of what is being referred to locally as the "February 20 incident," with the COVID-19 caseload appearing to have expanded to 10 provinces and cities around the Kingdom.
About Prince Holding Group
Prince Holding Group is one of Cambodia's major corporations, with numerous units focusing on three core areas: real estate development, financial services, and consumer services.
Prince Real Estate Group, Prince Huan Yu Real Estate Group, Prince Bank, Cambodia Airways, and Awesome Global Investment Group are among the primary business entities of Prince Holding Group in Cambodia. Prince Holding Group has about 80 subsidiaries in Cambodia that operate in real estate development, banking, finance, aviation, tourism, logistics, technology, food and drinks, and lifestyle sectors, among others.
Rising foreign direct investment, free trade agreements with leading countries, and potential involvement in the Regional Comprehensive Economic Partnership are likely to be significant drivers for the Cambodian economy, aided by government pro-industry policy efforts.
Prince Holding Group has laid the groundwork to be a critical conduit for local and international capital by leveraging a network of industrial, business, and financial specialists across Asia. Moving forward, Prince Holding Group will continue to look for ways to play an essential role in Cambodia, whether through partnerships or direct investments in vital industries for the benefit of Cambodians and the local economy.