Posts

Investment Into Techo Airport Guaranteed Bond

Image
  Today, Prince Bank Plc. invested an additional $35 million in the Techo International Airport (TIA) Guaranteed Bond, bringing the total investment to $50 million. Prince Bank is proud to be a part of this significant transportation infrastructure development, which will benefit the Kingdom for decades to come. The first and now largest subscriber to the TIA bond issue is Prince Bank. A signing ceremony was held with Cambodia Airport Investment Co., Ltd. (CAIC) and Overseas Cambodian Investment Corporation (OCIC) for the additional investment of $35 million on the Guaranteed Bond Agreement. Neak Oknha Dr. Pung Kheav Se, Chairman of OCIC and CAIC, and Neak Oknha Chen Zhi, Chairman of Prince Bank Plc, were present at the signing ceremony. Mr. Honn Sorachna, CEO and Managing Director of Prince Bank Plc., and Mr. Charles Vann, Director of CAIC, signed the agreement. The Directors and Senior Management of OCIC, CAIC, and Prince Bank were also present. Info on Chen Zhi net worth The Techo I
Post a Comment
Read more

Rebranding And Strategic Review To Celebrate Sixth Anniversary

Image
  Prince Foundation, formerly known as Prince Charitable Foundation, has unveiled a new logo, a new name, and a new mission statement - "Together, Building a Better Future for Cambodia." Prince Foundation is the charitable arm of Prince Holding Group ("Prince Group"), one of Cambodia's largest conglomerates with several subsidiaries focused on three primary areas: real estate development, financial services, and consumer services. In Chinese, Prince Foundation will be referred as as (translated as "Prince Foundation"). The rebranding exercise follows an intensive examination of Prince Foundation's six years of high-impact charitable activities, during which it organised more than 250 charity events benefiting more than half a million Cambodians and raising more than US$14 million in cumulative donations. In line with a growing trend among similar foundations in Asia – more charitable foundations in the region are pursuing a more strategic and inves
Post a Comment
Read more

Career Sponsorship For Future Building

Image
  Prince Charitable Foundation, the charitable arm of Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest growing conglomerates, will sponsor Caring for Cambodia's Career Preparation programme for the upcoming academic year. Caring for Cambodia is a leading charity that provides free education to 7,000 impoverished students. The cooperation with Caring for Cambodia, announced on International Youth Day, demonstrates how Chen Zhi Prince Group has embarked on a new path at a critical moment when youth unemployment is likely to rise as a result of Cambodia's deteriorating COVID-19 epidemic situation. Chen Zhi Prince Group seeks to invest in Cambodia's future by empowering and validating an institutional approach to youth development through its support of the Career Preparation programme. “We are pleased to partner with Prince Holding Group as we look to expand and enhance our Career Preparation program,” said Jamie Amelio, Founder and C
Post a Comment
Read more

Gaining Confidence In Cambodian Future Watchmakers

Image
  Cambodia Chen Zhi , philanthropist and watch enthusiast, instils confidence in future Cambodian watchmakers during a classroom visit. Neak Oknha Chen Zhi, Chairman of Prince Holding Group, one of Cambodia's largest and fastest-growing conglomerates, paid a visit to students at Prince Horology Vocational Training Center receiving instruction in the Swiss watchmaking skill. Learn more The six Cambodian students, who are now receiving full scholarships and stipends, are on track to graduate as Cambodia's first watchmakers capable of repairing and assembling watches to Swiss standards – commonly regarded the gold standard in the world of luxury timepieces. Chen Zhi has devoted much personal attention to the institute, which he supports through Prince Foundation, the Group's philanthropy arm. The facility is a critical component of the Group's larger efforts to elevate education in Cambodia through scholarship programmes, thought leadership trainings, and other CSR project
Post a Comment
Read more

Preparing Cambodians For The Future Through Scholarships

Image
  Prince Holding Group ("Prince Group"), one of Cambodia's largest conglomerates, has signed an agreement with the Ministry of Education, Youth, and Sport (MoEYS) to launch a scholarship programme for Cambodian university students. Prince Group will cover all tuition and stipends for 400 selected students pursuing Bachelor of Science degrees at top Cambodian universities such as the Royal University of Phnom Penh, the National University of Management, and the Institute of Technology of Cambodia. Over the course of seven years, the Prince Group will contribute more than $2 million. Because public-private partnerships are critical, Prince Group will collaborate with the government to achieve the goals outlined in the Education Strategic Plan (2019-2023). Prince Group will collaborate with MoEYS to ensure students receive financial assistance, training, mentoring, and job opportunities to help them learn in three areas: sustainable development of the real estate sector, adv
Post a Comment
Read more

Bringing Assistance To 500 Needy Families

Image
  Prince Charitable Foundation, the charitable arm of Prince Holding Group ('Prince Group'), one of Cambodia's largest and fastest-growing conglomerates, has provided care packages to 500 households in Ong village in Cambodia's Prey Nob province. The town is close to the Ream City project, an 834-hectare reclaimed land development near the Sihanoukville International Airport that has the potential to change the region. Last week, senior management from Canopy Sands Development, a Prince Group company, made the gift of goodwill, as well as consulting local leaders to better understand the community's needs. Prince Group's latest environment, social, and governance (ESG) effort is an aid campaign in Ong Village. One mat, one blanket, two pillows, one mosquito net, and one Khmer Krama were included in each care package (traditional scarves woven in the countryside). It will be the first of many measures to help the local community, especially since Prince Group env
Post a Comment
Read more

Bridging To Help For Anti-Pandemic Initiatives

Image
  Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest growing conglomerates, and Chairman Neak Oknha Chen Zhi have responded to the Cambodian Government's call for assistance in combating the February 20, 2021 Covid-19 outbreak in the Kingdom by announcing plans to donate US$3 million to anti-pandemic efforts in the Kingdom. This follows Chen Zhi's initial US$3 million donation in December to assist Cambodia in purchasing COVID-19 vaccinations. Additionally, following in the footsteps of Prince Group Cambodia and Chen Zhi, Prince Real Estate, a subsidiary of Prince Group, distributed critical food supplies to 804 families in need and 234 members of the Cambodian police force in Chamkarmon District, Phnom Penh, Cambodia, which was impacted by the February 20, 2021 Covid-19 outbreak. https://eatatbillybombers.wixsite.com/philanthropy-world/post/recognising-community-efforts While the Cambodian government has provided extraordinary assistanc
Post a Comment
Read more