Hong Kong High Court freezes 8.938 billion HKD in assets of Prince Group's Chen Zhi and others

According to Odaily, the Hong Kong High Court approved an application from the Department of Justice in May, issuing a restraining order against 42 individuals and companies, including Chen Zhi, founder of the Prince Group suspected of operating scam centers in Cambodia, freezing a total of 8.938 billion HKD in assets. The frozen assets include deposits in bank and securities accounts, stocks, and properties.

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