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

Odaily Planet Daily News 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 Prince Group founder Chen Zhi, who is suspected of operating a scam park in Cambodia, freezing a total of HK$8.938 billion in assets. The frozen assets cover bank and securities account deposits, stocks, and properties.

Among them, Chen Zhi’s personal assets in Hong Kong amount to over HK$6.36 billion. Zhou Yun, who assists in managing his assets, has total assets exceeding HK$2 billion, and her personal account holds Hong Kong dollars, euros, 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.