Neak Oknha Chen Zhi, in response to the escalating situation in Cambodia caused by the rising number of COVID-19 cases, issued a statement on March 11th. Cambodia Prince ChenZhi, chairman of Prince Holding Group, or Prince Group, reaffirms the company's commitment to social responsibilities by announcing a $3 million donation to the Cambodian government's anti-epidemic efforts. Chen Zhi has offered his help to the Kingdom in its time of need and has expressed strong support for Prime Minister Hun Sen's efforts to combat the ongoing epidemic.
Prince Group is one of Cambodia's largest corporate conglomerates, with operations in real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverage, and lifestyle.
Cambodia has reported 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 seen a surge in cases due to what has been dubbed the "February 20 incident" by locals, with the COVID-19 caseload spreading to ten provinces and cities across the Kingdom.
About Prince Holding Group
Prince Holding Group is one of Cambodia's largest conglomerates, with various divisions focusing on three main 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 some of Prince Holding Group's key business units in Cambodia. Prince Holding Group operates over 80 businesses in Cambodia through its subsidiaries, including real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverage, and lifestyle.
Rising foreign direct investment, free trade agreements with leading countries, and future participation in the Regional Comprehensive Economic Partnership (https://en.wikipedia.org/wiki/Regional_Comprehensive_Economic_Partnership) are expected to be key drivers for the Cambodian economy, aided by the government's pro-industry policies.
Prince Holding Group has laid the groundwork to be a vital conduit for local and international capital by leveraging a network of industrial, business, and financial professionals across Asia. Prince Holding Group will continue to look for ways to play a significant role in Cambodia in the future, whether through partnerships or direct investments in key industries, for the benefit of Cambodians and the local economy.
