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 and Prince Huanyu Real Estate 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 and Prince Bank. 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.
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