On March 11, in light of the deteriorating situation in Cambodia as a result of the increasing number of COVID-19 cases, Neak Oknha Chen Zhi, chairman of Prince Holding Group, or Prince Group, reaffirmed the Group's commitment to social responsibility by announcing plans to donate $3 million 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 tackle the continuing epidemic.
Prince Group is one of Cambodia's greatest corporate conglomerates, having operations in real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverage, and lifestyle.
Cambodia has recorded 1,163 coronavirus cases as of 7 a.m. on March 11. While more than half of the patients have been cured, the Kingdom has recently seen a surge in cases owing to what has been dubbed the "February 20 incident" by locals, with the COVID-19 caseload spreading to ten provinces and cities around the Kingdom.
About Prince Holding Group
Prince Holding Group is one of Cambodia's major corporations, with numerous 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 significant business entities in Cambodia. Prince Holding Group operates about 80 industries 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 potential involvement in the Regional Comprehensive Economic Partnership are expected to be significant drivers for the Cambodian economy, aided by the government's pro-industry policies.
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. 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 vital industries, for the benefit of Cambodians and the local economy.
Reference reading - https://en.wikipedia.org/wiki/Cambodia
