Hong Kong High Court Freezes HK$8.938 Billion in Assets of Prince Group's Chen Zhi and Others

Odaily Odaily Planet Daily News In May, the Hong Kong High Court approved an application from the Department of Justice, issuing a restraining order against 42 individuals and companies, including Prince Group founder Chen Zhi, who are suspected of operating fraud parks in Cambodia, freezing a total of HK$8.938 billion in assets. The frozen assets include bank and securities account deposits, stocks, and properties.

Among them, Chen Zhi's personal assets in Hong Kong exceed HK$6.36 billion. Zhou Yun, who assists in managing his assets, has total assets of over HK$2 billion, with personal accounts holding HK$, EUR, and Bitcoin equivalent to HK$15.92 million. Additionally, Prince Group-related personnel Hu Xiaowei and Li Tian have approximately HK$400 million and HK$172 million in assets frozen, respectively. The court will reconvene on August 3 to decide whether to extend the restraining order.