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Showing posts from April, 2022

Investments Into Airport Guaranteed Bond

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  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 feels privileged to be a part of this significant transportation infrastructure project, which will benefit the Kingdom for decades to come. The TIA bond issue's first and largest subscriber is Prince Bank. A signing ceremony was performed with Cambodia Airport Investment Co., Ltd. (CAIC) and Overseas Cambodian Investment Corporation (OCIC) for a $35 million further investment on the Guaranteed Bond Agreement. Neak Oknha Chen Zhi, Chairman of Prince Bank Plc, and Neak Oknha Dr. Pung Kheav Se, Chairman of OCIC and CAIC, were present at the signing event. Mr. Honn Sorachna, CEO and Managing Director of Prince Bank Plc., and Mr. Charles Vann, Director of CAIC, signed the agreement. Directors and senior management from OCIC, CAIC, and Prince Bank were also in attendance. Cambodia Airport Investment Co., Ltd. (CA

Building Up Confidence In Future Cambodian Watchmakers

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  Prince ChenZhi , philanthropist and watch enthusiast, visits a class to instil confidence in future Cambodian watchmakers. https://prosperousdevelopment.wordpress.com/2021/10/06/cambodian-watchmaking-development/ Neak Oknha Chen Zhi, Chairman of Prince Holding Group, one of Cambodia's largest and fastest-growing conglomerates, paid a visit to Prince Horology Vocational Training Center students learning Swiss watchmaking. The six Cambodian students, who are now receiving full scholarships and stipends, are on track to become the first watchmakers in Cambodia to repair and assemble watches to Swiss standards, which are widely regarded as the gold standard in the luxury watch industry. Prince ChenZhi has devoted particular attention to the institute, which is financed by Prince Foundation, the Group's philanthropic arm. The facility is an important part of the Group's overall endeavour to improve education in Cambodia through scholarship programmes, thought leadership traini

Making Additional Contributions To Laos

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  Neak Oknha Chen Zhi, Chairman of Prince Holding Group, one of Cambodia's largest and fastest-growing companies, has donated US$2 million to help Laos fight the COVID-19 outbreak. Chen Zhi Cambodia had also provided $1 million earlier in September. Both donors heeded Prime Minister Hun Sen's plea for bilateral COVID-19 cooperation between the two adjacent countries to be strengthened. Guy Chhay, a board member of Prince Holding Group, completes the donation on Chen Zhi's behalf at the Peace Palace in Phnom Penh. The two $3 million donations are intended to aid Laotians in their fight against the virus. With Cambodia being one of the world's most vaccinated countries, Chen Zhi, a Mekong entrepreneur and business leader, understands the importance of Cambodian enterprises supporting neighboring countries' anti-COVID efforts. Prince Holding Group, as a significant Cambodian business, aspires to contribute to the Kingdom's leadership role in regional affairs at a