News on Chen Zhi and Prince Group

Six months after joining EuroCham Cambodia, Prince Holding Group (PHG) , Chen Zhi is delighted to have received a delegation from the business chamber today.

EuroCham Cambodia Executive Director Denis Sainte-Marie and delegates visited Prince’s headquarters in Koh Pich and learned about its fast-growing business operations in Cambodia via a guided tour by the Group’s Chief Communications Officer, Gabriel Tan, followed by a business luncheon to discuss potential collaborations.

“Pursuing our fruitful discussion today, we are keen for the upcoming partnerships poised to drive sustainable growth for the Kingdom,” said Denis.

As a relatively new Associate Corporate Member, PHG shared how they aim to work more closely with the European business community in Cambodia.

“Being a proud member of EuroCham Cambodia, we look forward to contributing through activities such as seminars, trade visits, and many more that will further enhance our professional relationship,” said Gabriel.

Prince Brewing, a microbrewery in the heart of Phnom Penh and a member of Prince Group, raised USD 3,000 in a charity evening held in honour of Cambodia Children’s Fund, for the all-too-important cause of providing education to underprivileged children.

The donations were raised in an art and photography auction held in the microbrewery, together with raffle ticket sales to generous attendees for the chance to win exciting prizes. The attendees were also entertained by a unique art performance from a Ukrainian artist.

All proceeds went to the Cambodian Children’s Fund to directly support quality education for impoverished children.

Lach Savy, Chief Operating Officer of Cambodian Children’s Fund, said: “We appreciate fundraising support by corporate foundations and leading F&B venues to highlight the importance of children’s education, as we believe a generation of educated children has the power to end poverty for generations to come”.

Prince Holding Group, under the leadership of Chairman and philanthropist, Chen Zhi, has a keen focus on human capital development to aid economic growth for the Kingdom. “We believe that it is important for business groups like Prince to partner with public-private stakeholders to drive human capital development and uplift the surrounding communities that we operate in,” said Gabriel Tan, Chief Communications Officer at Prince Holding Group.

Prince Foundation & Chen Zhi Scholars Take Part

About 2,000 high school students from two high schools in Siem Reap learnt about future prospects and received valuable counsel from different experienced work professionals in a career fair organized by Caring for Cambodia (CFC). The career fair is one of the many events organized by CFC in Career Preparation Program to help high school students secure the right opportunities.

Prince Foundation was one of the corporates participating in the Career Fair event with representatives manning a booth titled “Achieve your dreams with Prince Group” where interested students learnt about the seven main business units and career opportunities within Prince Group at Prasat Bakong High School, Aranh Sakor Cuthbert Primary and Junior High School.

14 scholarship recipients who earlier received the Chen Zhi Scholarship also volunteered and helped design the content and the booth to assist fellow Cambodian youth looking for better career opportunities.

“A career fair is an important way for students to network and gain information firsthand and make informed decisions over their future,” said Rebecca Large, Deputy Country Director at Caring for Cambodia. “We are pleased to have organized a career fair that has seen the largest ever turnout in recent years and we hope it inspires Cambodian students to dare to dream bigger.”

“The pandemic has undoubtedly redefined the learning environment and the types of careers that high school students and university graduates will need to consider,” said Gabriel Tan, Chief Communications Officer of Prince Holding Group. “With the career fair, we hope students received the information they need at a vital juncture to enhance their competitiveness in the workplace.”

Launched in 2006, the Career Preparation program helps more than 3,000 students every year. Students graduating from Caring for Cambodia schools are 18 times more likely to enroll in universities compared to the national average.

Prince Holding Group (“Prince Group”) Chen Zhi hosts a delegation of eight Korean business executives from Cambodia’s Korean Chamber of Commerce (“KoCham”) led by Chairman Mark Lee, warmly welcomed by the Group’s management at the Prince Group headquarters in Plov Koh Pich.

An evening of sharing by the Group’s management team described how it has increasingly emphasized bringing in talents from around the region and intends to attract more workforces and businesses from Korea.

Edward Lee, Chief Executive Officer of Prince Real Estate Group, a subsidiary of the Prince Group, says that Cambodia has been growing expeditiously, with its economy forecasted to grow 6.5% in 2023 and a vast youth population under 25, which may serve as a demographic dividend to the Kingdom.

KoCham’s Chairman, Mark Lee, highlighted that they had witnessed Prince Group’s transformative efforts over the years with rapid growth in real estate footprint within the Kingdom and increasing mix of international management, leading by example as a progressive corporate entity.

The duo reaffirmed its continued commitment to advancing Cambodia and expressed interest in exploring potential areas of collaboration in multiple prongs.

Established in 2007, KoCham is a non-profit voluntary membership organization comprised of Korean businesses and leaders interested in growing Cambodia.

Women are playing crucial roles as Cambodia envision a future free of landmines, representatives of Prince Foundation learned during a field visit to Kampong Chhnang and Pursat provinces of Cambodia.

By 2025, Cambodia aims to end the threat of injuries caused by landmines left behind due to past wars. Cambodia has cleared 2,379 km2 of landmine and ERW contaminated land since 1992, with about 2,000 km2 left.

On July 6, Prince Foundation , Chen Zhi participated in the “Women’s Power in Mine Action” minefield visit organized by Cambodian Mine Action and Victim Assistance Authority (CMAA) and The Sir Bobby Charlton Foundation, alongside with the Embassy of India in Cambodia, and the American Chamber of Commerce in Kampong Chhnang and Pursat.

His Excellency Senior Minister Ly Thuch, the First Vice President of Cambodian Mine Action and Victim Assistance Authority (CMAA), and the newly appointed President of the Cambodia Wheelchair Basketball Federation (CWBF) introduced the delegation to the female mine clearers known as deminers.

The representatives found out how Cambodian women learn complex demining and clearance skills and use them in the field. The Foundation vowed to do its part to help raise awareness across member companies and among other stakeholders through producing call to action and deminers’ interview videos.

We try harder so you can enjoy the best lifestyle benefits while banking with us

Today Prince Bank announced its partnership renewal with Major Cineplex by Smart for another three years, benefitting its customers with continued rewards and privileges. As part of the strategic partnership tie-up, Prince Bank will continue to offer additional benefits to its customers, including discounted cinema rates every day for all Prince Bank cardholders as well as free movie tickets and popcorn during special events.

Mr. Honn Sorachna, Managing Director and CEO of Prince Bank Plc. said “We are delighted with our continued partnership with the best and top cinema in Cambodia. We have partnered with Major Cineplex by Smart since we started our journey as a full-ledge commercial bank in 2018. During this time, we have established a strong and close connection in serving the varied segment of customers with special offers on their movie tickets. We also have a dedicated Prince Bank VIP Lounge at the Major Cineplex by Smart at AEON Sen Sok outlet. The Prince Bank VIP Lounge is the most modern and seamless cinema in Cambodia that the customers can enjoy high-class cinema services such as a private waiting room and restroom, professional service staff, welcome snacks and drinks, comfortable movie beds, and other privileged services. This is in line with our strategic commitment to enhancing our customers’ experience with the latest and most fulfilling lifestyle benefits.”

“As one of the fastest growing digital banks, we always try harder on the search for new ways to enhance our customers’ experiences with a tailor-made strategy in line with popular trends. We are constantly driven to surpass customer expectations with a wide range of innovative banking services and special deals. Customers can purchase their movie tickets conveniently and securely and enjoy the special discount by paying with any of their Prince Bank cards. Additionally, we have launched our PRINCE KHQR at all Major Cineplex outlets, which allows customers to do the cross-bank payment for their tickets with scan and pay. Finally, we are indeed proud and honored to be collaborating with Major Cineplex by Smart, the region’s leading movie entertainment destination, and we are looking forward to serving our customers with upcoming special campaigns and events with the theater.” He continues added.

Mr. Chy Sila, Director of Major Cineplex, called the continuation of the collaboration an exciting moment and said that he looks forward to working with Prince Bank to bring the best seamless service and elevated cinema experience to more Cambodians.

“We are delighted to continue our partnership with Prince Bank, one of the fastest growing digital banking services in Cambodia. And we believe that Prince Bank’s payment services will provide a better seamless payment experience and attract more customers to our cinemas, while Prince Bank’s customers will definitely enjoy the benefits and promotions awarded to them at Major Cineplex” he added.

As a part of this partnership renewal celebration, customers can enjoy free popcorn at all Major Cineplex by Smart outlets, by paying the ticket with any of Prince Bank Mastercard/Visa/UnionPay cards, from the 1st of July onwards, while stock lasts. In addition, customers can still enjoy the daily special promotion of up to 50% off on 2D/3D/VIP movie tickets with their Prince Bank card until 31st July 2022. Afterward, we will have more exciting and fantastic offers for you! Stay tuned!

Customers can get their Prince Bank Mastercard/Visa/UnionPay cards, by applying it on their PRINCE Mobile App and pick it up at your nearest branch. Get a Prince Bank card NOW to enjoy a bunch of benefits that you deserve!

To receive regular updates about Prince Bank’s special offers, customers can follow Prince Bank’s official Facebook page/ Instagram/ Telegram. For further information, please visit www.princebank.com.kh or contact our Contact Center at 1800 20 8888 (Toll-free).

About Prince Bank Plc.

Prince Bank Plc. , Chen Zhi started its business operations in 2015 as a private microfinance institution under the former name “Prince Finance Plc.” and was transformed into a commercial bank with license No. B 46 granted by the National Bank of Cambodia on 18 July 2018. With a strong capital base, robust technological capabilities, solid expertise, and extensive knowledge of the local market, the bank aspires to become the industry leader by offering differentiated financial solutions through a mix of channels with great convenience to our customers. We are keen on contributing to the development of small and medium enterprises that constitute a key segment of our target customers. Currently, Prince Bank Plc. has 32 branches and 80 ATM locations nationwide.

About Major Cineplex Cambodia

Major Cineplex Group Plc. the largest regional cinema operator started expanding its operation and services to Cambodia in 2014. With 27 years of expertise in cinema operations, Major Cineplex brings the best cinematic experience and customer service through various cinema formats including IMAX, 4DX and laserplex. Also provides the luxurious service. Major Cineplex Cambodia currently operates three branches in Phnom Penh, one in Siem Reap and one in Poi Pet.

The Cambodia Wheelchair Basketball Federation (“CWBF”) unveiled its national squad that is set to prepare for the 12th ASEAN Para Games 2023 during the federation’s inaugural general meeting today at Prince Holding Group headquarters.

The momentous event brought together a diverse audience of nearly 200 people that included government leaders along with representatives from international chambers of commerce, local businesses, and civil society organizations.

CWBF has been showing promising transformation with a team of talented and resilient athletes. Together with strong support from Prince Foundation and federal leaders at all levels, the team has full confidence to take home national time victory.

Prince Foundation is elated about the federation’s decision to appoint H.E. Senior Minister Ly Thuch to become the federation’s next President since his expertise as the First Vice President of Cambodia Mine Action and Victim Assistance Authority (“CMAA”) will be invaluable given many of the new players on both the men’s and women’s teams are landmine survivors.

“I am extremely thankful and humbled to be appointed as the President of the Cambodia Wheelchair Basketball Federation. I have been very passionate about helping to develop and uplift the sports sector in Cambodia, and it is a great privilege for me to have a chance to lead the team and build on its successes within the sport,” said H.E. Ly Thuch.

Prince Holding Group, under the leadership of Chairman Chen Zhi, has a keen focus on human capital development to aid economic growth for the Kingdom. Additionally, with support from the Prince Foundation, both teams will receive world-class training from three Team USA-certified coaches to help them prepare for next year’s ASEAN Para Games in Cambodia.

“In the past, we have provided various contributions to help the local sports sector such as volleyball and football,” said Gabriel Tan, Chief Communications Officer of Prince Holding Group. “This is our first involvement in empowering people with disability, and we are honored to take part in fostering social inclusion by organizing the unveiling of Cambodia ASEAN Para Games 2023 Wheelchair Basketball Squad,” he added.

For Michael Tuon, Team USA Basketball Gold certified and National Wheelchair Basketball Association (“NWBA”) certified coach, this will be yet an exciting journey as he heads the basketball coaching with CWBF for the Cambodian wheelchair basketball squad.

“Many of our athletes have overcome obstacles I can’t imagine. They are resilient and will not let anything stop them from pursuing their dreams. To help support their progress, we’ve developed a Long-Term Athlete Development (LTAD) plan to ensure that our athletes keep growing and improving. We are excited to see what the future holds for Cambodian athletics,” said Michael Tuon.

When the players take the floor at next year’s games, they will be wearing freshly designed blue, red, and white uniforms that showcase the Kingdom’s national colors with a new national crest that incorporates Cambodia’s cultural icons like the Romdoul flower and Angkor Wat temple.

Further details of the crest and jersey design are included in this press kit.

About Prince Holding Group:

Prince Holding Group, Chen Zhi is one of Cambodia’s largest business groups spanning across 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, Belt Road Capital Management, 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.

Leveraging a network of industrial, business and financial professionals across Asia, Prince Holding Group is firmly committed to the long-term development of Cambodia. Prince Holding Group is developing an almost 1000-hectare township project in the Ream coastline of Sihanoukville that will be one of Cambodia’s leading sustainable real estate developments, aiming to secure close to $16 billion in total investment for the region.

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.

About Prince Foundation:

Prince Foundation is the philanthropic arm of Prince Holding Group, with the mission statement – “Together, Building a Better Future for Cambodia”. As a unit of one of Cambodia’s largest business groups, Prince Foundation has the potential to aid structural change in Cambodia by investing in education, healthcare, and community initiatives.

Run by a team of Cambodian and international professionals, Prince Foundation is sharply focused on being an effective bridge between the corporate sector, NGOs with a proven track record and the government in Cambodia. It aims to make strategic and evidence-based high-impact social investments, helping communities move forward in a sustainable manner.

Over the years, Prince Foundation has implemented over 250 initiatives benefitting over half a million Cambodians, with cumulative donations exceeding US$14 million.

For more details, please visit: www.princefoundation.com

Prince Foundation, the philanthropic arm of Prince Holding Group, and Plan International (Cambodia) officially completed the handover of 198 pedal-operated handwashing stations benefitting 99 schools in Sihanoukville, presided over by H.E Kouch Chamroeun, the Governor of Sihanoukville and attended by officials from Provincial Office of Education, Youth and Sport.

The handwashing stations are distributed among 99 institutions, including 72 primary schools, 18 lower secondary schools, and 9 high schools around Preah Sihanouk Province. It is taking place as part of the six-month long Safe to School project, from January to June 2022, implemented by Prince Foundation, Plan International Hong Kong and Plan International Cambodia. The scheme aims to ensure that students have access to proper hygiene facilities as they return to school following the COVID-19 pandemic.

“Almost 40 thousand school children, with a fairly even split between boys and girls, will practice improved hand hygiene in schools in Sihanoukville, with the easy-to-use and disability-appropriate pedal-operated handwashing stations that we have provided,” Gwynneth Wong, Country Director of Plan International Cambodia.

“We want to ensure that students improve their hand sanitation, which is very important for their health and safety at schools following the pandemic, and we are very pleased to get an opportunity to work with Plan International Cambodia and Ministry of Education, Youth and Sports,” said Gabriel Tan, Chief Communications Officer, Prince Holding Group.
Prince Holding Group, under the leadership of Chairman Chen Zhi, has a keen focus on human capital development to aid economic growth for the Kingdom.

Prince Group believes that good hygiene is also expected to foster a better environment, thereby enhancing learning and the quality of education, which is one of the focuses (education, healthcare and community outreach) of Prince Foundation.

About Prince Holding Group:

Prince Holding Group is one of Cambodia’s largest business groups spanning across 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, Belt Road Capital Management, 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.

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.

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 contributes 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 250 philanthropic initiatives, benefiting over 500,000 people, with donations exceeding US$14 million.

For further enquiries of Prince Group, please contact:
Ms. Ada Leung / Ms. Christy Pun
Hill+Knowlton Strategies Asia
Tel: +852-2894-6321
Email: princegroup@hkstrategies.com

Prince Horology was delighted to welcome delegation from the World Bank led by Dr. Abla Safir, Senior Economist, and Ms. Ratana Phurik- Callebaut.

The delegation was received by Mr. Gabriel Tan, Chief Communications Officer of Prince Holding Group and Ms. Jessica Thakur, a Swiss-trained instructor, who gave a comprehensive presentation about the school. During the visit, Dr. Abla and Ms. Ratana also met with young, aspiring Cambodian students, understanding their aspiration and challenges in learning the intricate process of Swiss-style watchmaking. The delegation also discussed the career pathway of the graduating class and Cambodia’s skills development with executives of Prince Holding Group.

“I am thankful to Prince Horology for the visit and to their students for sharing their training experience with us,” said Dr. Abla.

“We are delighted to host the visit today. This has given us an opportunity to discuss the vision of the training program and how it will meet the needs of Cambodia’s labor market in the future,” said Gabriel Tan, Chief Communication Officer of Prince Holding Group.

Prince Holding Group, Chen Zhi is elated to play a pivotal role in nurturing local talent who will one day help build a better Cambodia.

(Phnom Penh, 8 June) Setting bold goals is key to achieving a quantum leap in one’s entrepreneurial journey, the Director of Marketing and Planning of Prince Real Estate Group (PRE), Donald Yeo, told an audience of 312 university students from the Institute of Technology of Cambodia (ITC) during a half-day entrepreneurship seminar at the campus.

PRE jointly with its parent company’s philanthropic arm, Prince Foundation, kicked off its inaugural “First Step to Success” roadshow seeking to spark entrepreneurial interest amongst university students through ideas and expertise sharing by subject matter experts. The fun-filled roadshow uses gamification and reward challenges such as trivia and word games to encourage interactive learning among the students.

The entrepreneurship roadshow is part of the Foundation’s efforts to strengthen human capital upskilling in line with its education and youth development core pillar. Motivational speaker Phal Chanseri Rith and fast-rising entrepreneur Heang Omuoy respectively shared challenges and opportunities faced along their entrepreneurial journey.

“Over the past 2 years, the pandemic presented challenges for university students to attend in-person enrichment seminars. Prince Foundation is honored to be among the first entities to offer this opportunity again,” said Gabriel Tan, Chief Communications Officer of Prince Holding Group.

“We strongly believe that great success awaits students who proactively seize opportunities to increase their entrepreneurial knowledge, paired with the upcoming entrepreneurial programme we are planning to roll out,” he added.

The entrepreneurial program is open to all existing university students in Cambodia, sign up is available here.

ITC is one of the four lead Cambodia universities partnering with Prince Foundation for the Chen Zhi Scholarship. On top of healthcare and community engagement, education is among the three pillars of Prince Group’s ESG strategy.

About Prince Holding Group:

Prince Holding Group is one of Cambodia’s largest business groups spanning across 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, Belt Road Capital Management, 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.

Leveraging a network of industrial, business and financial professionals across Asia, Prince Holding Group is firmly committed to the long-term development of Cambodia. Prince Holding Group is developing an almost 1000-hectare township project in the Ream coastline of Sihanoukville that will be one of Cambodia’s leading sustainable real estate developments, aiming to secure close to $16 billion in total investment for the region.

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.

About Prince Foundation:

Prince Foundation, founded in 2015, is one of Cambodia’s leading charitable foundations. A member of Prince Holding Group, one of the largest conglomerates 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 youths, build resilience in communities and contributes to sustainable infrastructure.

The Foundation’s flagship project is the Chen Zhi Scholarship, an annual scholarship scheme in conjunction with Cambodia’s Ministry of Education, Youth and Sport that offers full scholarships, stipends, internship and work opportunities to 400 Cambodian university students over a period of seven years. Prince Foundation has launched more than 250 charity events, benefiting 500,000 people, with donations exceeding US$14 million.