News on Chen Zhi and Prince Group

Prince Foundation, the philanthropic arm of Prince Holding Group, is proud to be the diamond sponsor of the American Chamber of Commerce in Cambodia’s Charity Gala Dinner, which raised funds for the Cambodian Treasures Foundation.

The event, presided over by Lieutenant General Hun Manet, Deputy Commander-in-Chief of the Royal Cambodian Armed Forces and Commander of Royal Cambodian Army, brought together 22 corporate sponsors and 480 attendees.

The purpose of the event was to raise awareness about the repatriation of Cambodia’s artefacts. The event also raised funds to support the momentous return of the country’s national treasures.

Mr. Anthony Galliano, President of AmCham, commented, “The return of Cambodia’s national treasures is an important step in preserving the country’s rich cultural heritage. We are grateful for the support of the Prince Foundation and their commitment to the community.”

Mr. Gabriel Tan, Head of Prince Foundation, stated, “Prince Foundation is honored to sponsor this event and contribute to the protection of national identity. We believe that the preservation of culture will uphold national identity and pride. We are pleased to play our part in supporting the Royal Government of Cambodia in bringing the national treasures back to Cambodia.”

Prince Foundation, established by founder and Chairman Chen Zhi, is dedicated to seeking synergistic partnerships for building resilience within Cambodia. The Foundation has been actively supporting demining efforts by raising funds awareness for the cause. Additionally, the Foundation has been working with different stakeholders to promote sports development and empower athletes with disabilities.

With an emphasis on sustainable and impact-driven initiatives, the Foundation will continue to foster public-private partnerships to drive a better future for Cambodia.

Prince Foundation is pleased to announce that the second batch of Chen Zhi Scholarship is now open for online application. The scholarship will provide tuition fees, monthly stipend, development program and internship opportunities to 100 underprivileged students in the 2023 academic year. 

Eligible students must have Cambodian nationality, have taken the 2021/2022 BacII exam, and be majoring in Royal University of Phnom Penh, National University of Management, or Institute of Technology of Cambodia. 

The online application link (czs2023.com) will be available from 27 January to 10 February, 2023. 

Shortlisted students will be invited for a final interview in February and the 100 successful scholars will be announced in March. 

This program is part of Prince Holding Group’s vision of advancing the Kingdom’s human capital through public-private partnerships. Prince Foundation is delighted to be able to provide young Cambodians with access to quality education and professional opportunities to drive economic growth and transformation in Cambodia. 

For more information, please contact Ms. Kheav Moro Kort at +85512672603 or morokort.kheav@princefoundation.com. 

About Chen Zhi Scholarship:

Chen Zhi Scholarship program is an annual scholarship program led by philanthropist Neak Oknha Chen Zhi, Chairman of Prince Holding Group, in conjunction with the Ministry of Education, Youth and Sport (MoEYS), for benefitting 400 Cambodian university students over a period of seven years.

About Prince Foundation:

Prince Foundation, founded in 2015, is one of Cambodia’s leading philanthropic foundations. A member of Prince Holding Group, which is one of the largest business groups in Cambodia, the Foundation aims to work with local communities to build thriving living and working environments that elevate people’s well-being and livelihoods following the vision: “Together, Building a Better Future for Cambodia”.

Focusing on education and youth development, healthcare, and community engagement initiatives, Prince Foundation works with partners to deliver sustainable programs that enhance opportunities for Cambodia’s youths, build resilience in communities and contribute to sustainable infrastructure.

The Foundation’s flagship projects are the Chen Zhi Scholarship, offering full scholarships, stipends, internship and work opportunities to 400 Cambodian university students over a period of seven years, and Prince Horology, where aspiring Cambodian watchmakers learn the art of Swiss-style watchmaking in a state-of-the-art facility. Prince Foundation has launched more than 260 philanthropic initiatives, benefiting over 1 million people, with donations exceeding US$15 million.

Scholarship sign up Telegram group.

Link: https://t.me/+2unG1PCIcdY4ZTg1

QR code for scholarship registration

Prince Holding Group, one of the largest business groups in Cambodia, recently supported the Inaugural Nanyang Technological University (NTU) PEAK ASEAN, which brought together outstanding NTU students across the disciplines of Business, Humanities, Arts, Social Sciences and Engineering to the Kingdom of Cambodia for a two-week immersion. In addition, the NTU participants were teamed up with selected Cambodian students from CamEd Business School. Promising results from the Post Program Survey indicated that 100% of the NTU students are now considering Cambodia as a work destination after graduation.

Prince Group’s management, mentors, NTU students, and CamEd students during the final presentation at Prince Holding Group Headquarters

Throughout the program, Prince Holding Group provided a conducive work and research environment to the participants, supported by the Group’s experienced mentors from two of its key entities – Belt Road Capital Management and Prince Real Estate Group. 

Launched in 2017, NTU PEAK ASEAN is the extension of NTU PEAK Program, a three-week-long program conventionally organized in Singapore where students work together in teams to conduct research and surveys, and present viable solutions of real-world business challenges offered by participating corporate partners. 

“Anchored on Design Thinking principles, NTU PEAK has been co-designed with industry partners to develop high-potential students who will become industry-relevant future leaders for the workplace and community,” said Desmond Woo, Deputy Director from Nanyang Technological University. “We would like to thank Prince Group for supporting our students throughout the program in Cambodia and to aid our students’ understanding of this fast-growing market.” 

“The NTU PEAK ASEAN is a great opportunity to improve future Singapore industry leaders’ understanding of Cambodia,” said Gabriel Tan, Chief Communications Officer of Prince Holding Group. “Participants of the program interacted extensively with our international management team, impressing them with the extensive thought processes and solutions put forth in the final presentations. As an NTU Alumni, I certainly look forward to welcoming more participants and potential partners in the future” he added. 

Human capital development has been a key focus for Prince Holding Group’s philanthropic arm, Prince Foundation. The Group is a regular supporter of Cambodia’s tertiary education sector and is working to identify the second batch of Chen Zhi Scholarship recipients. Through Prince Foundation, the Group awarded 100 scholarships to students in the 2021/22 term, supporting their higher education pursuit at top Cambodian Universities. Under the leadership and philanthropy of Neak Oknha Chen Zhi, Chairman of Prince Holding Group, Prince Foundation will continue to work towards strengthening human capital upskilling efforts in line with its education and youth development core pillar.

TAFTAC’s Senior leaders at Prince Horology

L: R Ms. Hon Yan Ting, Senior CSR Manager of Prince Foundation, Mr. Gabriel Tan, Chief Communications Officer of Prince Holding Group, Mrs. Doreen Tan, Director of TAFTAC, Mr. Maarten Pieters, Technical Adviser of Prince Horology and Mr. Albert Tan, Deputy Chairman of TAFTAC 

Prince Horology was delighted to host a tour for senior leaders from TAFTAC (Textile, Apparel, Footwear, and Travel Goods Association in Cambodia) at the training center. 

Mr. Albert Tan, Deputy Chairman of TAFTAC, and Mrs. Doreen Tan, Director of TAFTAC, were received by Mr. Gabriel Tan, Chief Communications Officer of Prince Holding Group, and Mr. Maarten Pieters, Technical Adviser of Prince Horology. 

During the tour, Maarten introduced six recently-graduated students, and now full-time employees of Prince Horology, who have learned the intricate process of Swiss-style watchmaking over the past two years, as well as shared how the watchmaking school is built from scratch.

‘’It was an eye opener and better understanding of watch engineering and creation,” said Mr. Albert Tan, Deputy Chairman of TAFTAC. “We are thankful to Prince Horology for the visit and for sharing about the micromechanics and horology from an experienced horology instructor”.

“We are delighted to host a visit by the top leadership of TAFTAC, a key body that’s been instrumental in supporting Cambodia’s economic growth,” said Mr. Gabriel Tan, Chief Communications Officer of Prince Holding Group. “What they have achieved at scale for Cambodia is truly impressive and we believe horological pathways will play a part in Cambodia’s human capital and economic development as well.”

We are pleased to share that the United Nations Development Programme (UNDP) together with Cambodian Mine Action and Victim Assistance Authority (CMAA) has recently released a video message featuring Daniel Craig, the world-renowned British actor and a United Nations Global Advocate for the Elimination of Mines and Explosive Hazards, commemorating the 30th anniversary of demining activities in Cambodia.

“Since Mines Action began in 1992, 30 years ago, over 1 million people have benefited under the leadership of the Cambodian Mines Action and Victim Assistance Authority. In my work with the United Nations, I’ve been fortunate to see the life-changing impact of Mines Action. With just a little more support from donors, Cambodia could finally be free of mines. Fields that had killers could be fields of hope,” Daniel Craig shared in the heart-touching video calling for more support from the international community.

CMAA has recently launched an exhibition to mark 30 years of demining operations. Cambodia has now cleared 2,531 square kilometers of landmines and unexploded ordnance (UXO) from 1,703 villages and turned them into safe residential and agricultural land for about nine million people over the past 30 years.

Prime Minister Hun Sen has outlined the government’s plans to ensure that Cambodia becomes mine-free by 2025. The Kingdom’s mine clearance operations started in 1992 with the support of the United States, Japan, Australia, the United Kingdom, the People’s Republic of China, Germany, Switzerland, the Republic of Korea, New Zealand, Canada, Norway, Hungary, France, India, Ireland, Spain, Sweden, Belgium, Austria, UNDP and UNICEF.

Prince Foundation, the philanthropic arm of Prince Holding Group, is proud to be working on the project conceptualization and execution to support UNDP and CMAA.

We will be delighted if you could consider an opportunity to feature the video on your platforms. You can find a link to the video here: https://youtu.be/L84q4_F8phk

Prince Foundation Lends a Hand to Children’s Healthcare in Cambodia 

Prince Foundation, via a donation by Chen Zhi, Chairman of Prince Holding Group, has contributed US$200,000 to Cambodia Kantha Bopha Foundation (CKF). This will aid the ongoing operations of Kantha Bopha Hospitals, which provide free and quality health care to children in the Kingdom. 

(L: R) Ms. Hon Yan Ting, Mr. Tan Yew Chang, Mr. Gabriel Tan, Mr. Cliff Koh, H.E Ros Seilava, Mr. Yok Samedy, Mrs. Van Achita, Mr. Khean Tourk, Mr. Tum Ra. 

During the handover ceremony, Prince Holding Group representatives were given a briefing for the latest developments and progress made with past donations. Kantha Bopha Hospitals help more than 500,000 children in Cambodia every year. The donation will go towards improving the facilities of five children’s hospitals, installing modern equipment and purchasing medical supplies. The donation will further support the daily operations of the hospitals. 

“The continuous support of our many valued donors has made a big difference in the children’s lives in Cambodia. It is our belief that every child should have access to proper healthcare and we are glad that children from all walks of life receive quality treatment at our hospitals,” said H.E. Ros Seilava, Secretary of State of Ministry of Economy and Finance and Executive Director of the Cambodia Kantha Bopha Foundation. 

“These hospitals have provided a new lease of life to countless children and we are honored to be a part of this extremely worthy cause. Let us all work together towards the building of a safe and harmonious environment for children to grow up in, so they can look forward to the future with hope,” said Gabriel Tan, Chief Communications Officer of Prince Holding Group.

Prince Holding Group has been actively supporting Kantha Bopha Hospital since 2015, with donations totaling close to 1 million dollars. 

Prince Foundation, the Group’s philanthropic arm, is keenly focused on healthcare and youth development, and has improved sanitation at schools in Sihanoukville and launched scholarship programs for undergraduate students. The Foundation regularly interacts with leading non-governmental organizations and seeks opportunities for holistic and measurable impact to build a better future for Cambodia. 

About Cambodia Kantha Bopha Foundation

The Cambodia Kantha Bopha Foundation, officially launched on April 11, 2018 in the official form of a Trust Fund, having Samdech Techo HUN SEN, Prime Minister of the Kingdom of Cambodia, and Samdech Kittiprittpundit Bun Rany Hun Sen as Founders and Honorary Chairpersons, aims to mobilize donations from all legal sources to financially support the sustainability of the Kantha Bopha Hospitals’ operations, and to promote maternity, infants, and children’s healthcare and welfare which are the key priorities of the National Social Protection Policy Framework of the Government of the Kingdom of Cambodia

The Kingdom of Cambodia, as chairman and the host country of the 40^th and 41^st ASEAN and Related Summits, has commissioned and presented 25 limited edition timepieces as gifts to world leaders who attended the Summits.

Specially designed and assembled by the Prince Horology Vocational Training Center in Cambodia, the ASEAN Lotus Tourbillion watches underscore ASEAN’s spirit of togetherness, not only as a timeless feature of its unity but also as an enduring strength that ASEAN member countries and its dialogue partners can rely on upon through tough times and formidable challenges. The 25 timepieces are therefore an apt memento of the 2022 ASEAN and Related Summits, whose theme under Cambodia’s ASEAN Chairmanship is “ASEAN A.C.T.: Addressing Challenges Together”.

“Cambodia’s ASEAN Chairmanship year is one marked by collaboration alongside ASEAN countries, the external partners and its international development institutions, helmed by the stewardship of Prime Minister Samdech Techo Hun Sen. These highly specialized and delicate timepieces were designed to be enjoyed as wearable and stylish pieces of art, serving as a beautiful memory of the ASEAN 2022 Summit,” said H.E. Mr. LUY David, Head of the National Secretariat for the Preparation of ASEAN 2022.

“The primary focus of Prince Horology, which is responsible for producing the limited-edition timepieces, is training skilled professionals and creating new career pathways for aspiring Cambodians who have the aptitude and interest in precision watch-making,” said Sack-Man Loui, Executive Principal of Prince Horology.

Prince Horology is a key human capital development initiative of Neak Oknha Chen Zhi, Chairman of Prince Holding Group, to provide a niche watch-making skill in Cambodia offering a rigorous 3’400 hours program in micro-mechanics and watchmaking subjects taught at international standards. Recently, 6 talented Cambodians graduated from the two-year training program under full scholarship and with the guidance of Swiss-trained instructors at the school. The next batch of Prince Horology students will commence their training in January 2023.

ASEAN Lotus Tourbillion Watch Factsheet

The dial design was inspired by the lotus flower symbol from Cambodia’s ASEAN Chairmanship logo which was chosen to represent purity and strength.

With ASEAN centrality as a theme, the meticulous placement of the 10 petals embodies the spirit and joint efforts of 10 ASEAN nations bound together by friendship and solidarity with a common overarching goal of overcoming all challenges to ensure the inclusive and sustainable development of the ASEAN Community. 

Each timepiece comes in a 43.5mm steel case with an exhibition back, and sapphire crystals situated on the front at the back. The champagne dial, with gold-plated indexes features a sunken sub-seconds at 6 o’clock, embellished with the Lotus flower design.

The ASEAN Lotus Tourbillon is a manual wind mechanical movement featuring a 60 seconds tourbillion. It has a power reserve of 48 hours and operates at a frequency of 3 Hz. A traditional, elegant and reliable timekeeper for the wearer.

 Prince Horology, founded by the Prince Foundation to bring the best of Swiss watchmaking education to Cambodia, is proud to announce that its first batch of six Cambodian students has successfully graduated from a comprehensive two-year micro-mechanics and watchmaking program. The six graduates Somsorya CHOK, Sereyvath LORN, Lihuor SAK, Phanichharath SAMOTH, Theara SEM and Chhunlong UNG, received their certificates at an official ceremony held at Prince Holding Group with their family members and Prince Horology staff present to commemorate the joyous occasion.

Lihuor SAK, Prince Horology Class of 2022, delivered a graduation speech at the ceremony stating, “I would like to thank our instructors at Prince Horology who have worked tirelessly giving their time, effort and selfless contribution. Without your enormous support, we would not have come so far. With the benefit of this intense two-year course providing us with foundational skills, we look forward to joining the industry. I would also like to express my sincere gratitude to Chairman of Prince Holding Group, Neak Oknha Chen Zhi, as well as Prince Foundation for offering us such a valuable chance to pursue our dreams.” 

“With the industry being virtually non-existent in Cambodia, Prince Horology has stepped in to create the competence base necessary for a strong start,” said Ms. Jessica Thakur, Technical Advisor and Instructor at Prince Horology. “With skilled watchmakers always being in high demand, the future is bright for Prince Horology graduates locally, regionally and internationally.” 

“Through Prince Foundation, the philanthropic arm of Prince Holding Group, we helped launch Prince Horology in 2020 when the Kingdom was going through unprecedented changes,” said Gabriel Tan, Chief Communications Officer of Prince Holding Group. “The school is a wonderful reflection of the perseverance of the Khmer spirit, the synergies of cross-cultural collaboration and the benefits of vocational education that I am sure will continue to inspire and bring people closer from all over the world in the future.”

Prince Horology was founded at the behest of Neak Oknha Chen Zhi, Chairman of Prince Holding Group, who is also a watch aficionado and who has paid keen attention to the institute in his personal capacity. At Prince Horology, students have access to state-of-the-art equipment and facilities and are under the tutelage of professional Swiss trained instructors who have over 60 years combined experience in Swiss watchmaking and Swiss watchmaking education, including working in luxury groups such as The Swatch Group and Richemont and the world-famous Watchmakers of Switzerland Training and Educational Program (WOSTEP).

Prince Horology undertook an ambitious challenge to introduce the skills and technology of modern Swiss watchmaking while remaining faithful to the rich tradition and craftsmanship of high-end watchmaking. Thus, making it quite unique when compared with other international watchmaking schools. Its success is bolstered by the fact that Cambodia shares a rich cultural heritage in craftsmanship and artisanal skills.

Currently open to local and international applicants for the next course starting on 9th January 2023, Cambodians benefit from a scholarship program covering tuition, monthly stipend and accommodation allowance. Please kindly contact Prince Horology directly for more information about this unique opportunity at support@princehorology.com

Prince Holding Group, one of Cambodia’s largest business groups, is pleased to announce that it has secured two awards at the 14th Annual Global CSR & ESG Summit & Awards, winning Best Community Programme Award and Best Country Award for Overall CSR Excellence & ESG Award in Cambodia.

Other fellow awardees across the ASEAN region include Maybank Foundation in Malaysia, Coca-Cola Beverages Vietnam and PT Astra International TBK in Indonesia. 

Organized by Singapore-based Pinnacle Group International, the Global CSR & ESG Awards seek to recognize outstanding CSR and ESG initiatives within the Asia Pacific region. Prince Holding Group was highlighted for its uninterrupted investments into Cambodia’s economy amidst the COVID-19 pandemic.

“It is our honor to be part of the immense public-private efforts to aid the swift recovery of Cambodia in the past two years as we placed the interests of our employees and consumers as top priorities in overcoming the pandemic,” said Gabriel Tan, Chief Communications Officer at Prince Holding Group. “We worked alongside various stakeholders and will continue to reinvest in educational, healthcare and community causes to contribute to Cambodia’s sustainable development.”

Prince Holding Group’s efforts in driving sustainable development in Cambodia’s real estate, financial services and consumer services sectors, together with the CSR efforts of its philanthropic arm Prince Foundation, have resulted in the Group being recognized for 13 regional and international awards in 2022.

With total assets under management exceeding US$2 billion across various projects in real estate, financial services and consumer services, Prince Holding Group is one of Cambodia’s key business groups. By the end of 2022, Prince Foundation, the philanthropic arm of the Group, is set to recruit the second batch of Chen Zhi Scholars as part of a seven-year scholarship programme supporting 400 university students in Cambodia.

Prince Real Estate Group (“Prince Real Estate”) Chen Zhi emerged as the Best Developer and Best Mixed Use Developer at the 7th PropertyGuru Cambodia Property Awards 2022, as the prestigious developer clinched two top awards of the year at the gala event held on August 26 in Sofitel Hotel, Phnom Penh, Cambodia.

Prince Real Estate also bagged the top accolade in the Best Mixed Use Development category and was highly commended in Best Mixed Use Architectural Design for its flagship project, the Prince International Plaza. At the same time, One Tropica was honored under the Best Housing Masterplan Design category.

Chief executive officer Edward Lee noted that the recognition of Prince Real Estate as the Best Developer and Best Mixed-Use Developer of the year is a testament to the strength of its products in meeting the aspirations of Cambodian real estate consumers.

“We are truly honored to be awarded for our dedication to delivering thoughtfully planned developments anchored on our ‘Sustainable and Affordable’ development philosophy,” he said.

He added that as post-pandemic lifestyles are shifting to a new dynamic, demands have changed, and developers need to build products that uplift the community through value creation from the consumers’ perspectives.

Prince International Plaza is the Group’s new mixed development project featuring a tastefully designed shopping mall, Grade 5A offices, and 456 units of luxury condominiums with more than 1,000 parking spaces for occupants and guests.

The new development aims to cater to the needs of a rapidly growing neighborhood located along the Russian Federation Boulevard and at the intersection of three major districts: Toul Kork, Meanchey, and Sen Sok. It is scheduled for a soft launch in December 2022.

The Group is making a foray with exciting development this year, especially with One Tropica, its first luxury borey development meant for mid-upper scale market, located in the Sen Sok District. One Tropica offers seven types of villas: link house, shophouse, single, twin, and queen.