Chen Zhi Prince Group News

Neak Oknha Chen Zhi is the chairman of Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest expanding business conglomerates, but he is largely unknown to most of the general public. 

Nevertheless, google for "Chen Zhi Prince Group" and you can probably find news reports of business activities carried out by the group or one of its subsidiaries. 

Despite his extensive business interests in Cambodia, Chen Zhi of Prince Group appears to be keeping a low profile, with the exception of an official Twitter and LinkedIn account, which are likely handled by his staff or minders.

Chen Zhi's official profiles are as follows:

• https://www.princeholdinggroup.com/chairman-chen-zhi/ 

• www.princebank.com.kh/page-people/24

• www.twitter.com/chenzhicambodia 

• www.linkedin.com/in/chen-zhi-cambodia 

• https://www.instagram.com/chenzhiprincegroup/ 

He is of Chinese descent and is also known as Chen Zhi. He later became a Cambodian citizen by naturalisation. He visited Cambodia in 2010 and met with Prime Minister Hun Sen.

Through Prince Real Estate, one of the subsidiaries under Prince Group, Chen Zhi has been actively involved in the development of notable properties in Phnom Penh and Sihanoukville.

Some examples include Prince Plaza Center, Prince Modern Plaza, Prince IT Building, and Prince City Center, to name a few. They are expected to be completed soon.

Among the notable subsidiaries under Chen Zhi’s Prince Group are: Belt Road Capital Management, Prince Bank, Cambodia Airways, Prince Supermarket, Awesome Global Investment Group, and Canopy Sands Development.

He is not only a businessman, but also a philanthropist.

In 2020, Chen Zhi was actively involved in philanthropic work in Cambodian society. For instance, he had donated USD $3 million to assist Cambodia in purchasing one million COVID-19 vaccines. In another instance, Chen Zhi stepped in to support flood victims with donations of daily essentials. 

He also made a significant contribution to the establishment of the Prince Horology Vocational Training Center, which provides full and partial scholarships to deserving Cambodian students.

Neak Oknha Chen Zhi seems to be an admirer of luxury watches, and he wants Cambodian-made watches to compete with those made in Switzerland and Japan.

Arrival of Chen Zhi in Cambodia

What brought Chen Zhi to Cambodia? He has the ability to form relationships with people from all walks of life. Because of his real estate experience and contacts, he is able to get involved in large-scale development projects. His connections and network may have aided him in this area.

Though Chen Zhi prefers to stay out of the spotlight and works more behind the scenes, his presence can be acutely felt in the activities carried out by the Prince Charitable Foundation, the charity arm of Prince Group. Over a span of a few years, more than 240 charity events have been organised. One can even say that outside the group’s core business of banking, aviation, retail, and real estate development, the charity arm is probably the busiest unit of the entire group.

Chen Zhi and the Group are always involved in creating more employment opportunities for Cambodians, through the large-scale projects that the group embarks on all the time. One such project is Ream City in Sihanoukville, a $16 billion mega project that will see the construction of a brand new city over 834 hectares of reclaimed coastal land.

Ream City will have the typical features of a settled city, such as malls, hospitals, landed homes, hotels, restaurants, coastal resorts, beach houses, beaches, and so on.

With so much growth happening in a relatively short time, it won’t be surprising that Chen Zhi will become a household name in Cambodia in no time.

Reference reading: https://en.wikipedia.org/wiki/Cambodia