Charity arm of Prince Group aims to be more strategic and investment-oriented in approach
The masterplan for Ream City in the Sihanoukville province of Cambodia was recently unveiled, set to transform the region into an exciting destination. With a beachfront stretching beyond 6 km, this large-scale development will incorporate a sustainable ecosystem of tourism, commercial, and residential activity that has the potential to house up to 130,000 residents.
Prince Group secures a Silver Stevie® Award for COVID-19 Response – Most Valuable Corporate Response becoming the only firm in Cambodia to win in the category [Phnom Penh, 12 May, 2021] – Prince Holding Group (“Prince Group”), one of Cambodia’s largest and fastest growing conglomerates, has emerged as a Silver winner in the eighth annual Asia-Pacific Stevie Awards (one of the most recognizable business awards globally) in the COVID-19 Corporate Response category. Prince Group was the only firm from Cambodia recognized in a category seeking to recognize excellence in COVID-19-related crisis management by Asian corporates. The Asia-Pacific Stevie Awards are the only business awards program to recognize innovation in the workplace across all 29 nations in the Asia-Pacific region. The Stevie Awards are widely considered to be the world’s premier business awards, conferring recognition for achievement in programs such as The International Business Awards® for 19 years.
On March 11, in view of the escalating situation caused by the rising number of COVID-19 cases in Cambodia, Neak Oknha Chen Zhi, chairman of Prince Holding Group, better known as Prince Group, affirms the Group’s commitment to social responsibilities, announcing plans to donate $3 million to the Cambodian government’s anti-epidemic efforts. Chen Zhi has extended his assistance during the Kingdom’s time of need and expressed strong support for Prime Minister Hun Sen’s drive to combat the ongoing epidemic.
Prince Group is one of the largest corporate conglomerates in Cambodia, with businesses spanning across multiple industries, including real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverages, and lifestyle sectors.
As of 7am of March 11, Cambodia has reported 1,163 coronavirus cases. While more than half of the cases has been cured, the Kingdom has seen a recent spike in cases due to what is being termed locally as the ‘February 20 incident’, with the COVID-19 caseload appearing to have spread to 10 provinces and cities across the Kingdom.
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, 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. Moving forward, Prince Holding Group will continue to seek out opportunities to play an important role in Cambodia, through partnerships or direct investments into key industries for the betterment of Cambodians and the local economy.
For further enquiries of Prince Holding Group, please contact:
Mr. Andrew Scott
Hill+Knowlton Strategies Asia
Ms. Ada Leung
Hill+Knowlton Strategies Asia
Neak Oknha Chen Zhi Prince Group has many business interests in Cambodia. He is the Chairman of Prince Group, which is one of Cambodia’s leading large-scale integrated enterprise groups. The group covers real estate, banking and finance, tourism, aviation, technology, catering, logistics, lifestyle and entertainment, and many other sectors.