# Prince Group

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Cambodian holding company

For American company Prince Group LLC, see [Erik Prince](/source/Erik_Prince).

Not to be confused with the [Princelings](/source/Princelings) faction in the Communist Party of China.

You can help expand this article with text translated from the corresponding article in Chinese. (November 2025) Click [show] for important translation instructions. View a machine-translated version of the Chinese article. Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must follow the LLM translation guideline, revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wikipedia. Consider adding a topic to this template: there are already 420 articles in the main category, and specifying|topic= will aid in categorization. Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article. You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation. A model attribution edit summary is Content in this edit is translated from the existing Chinese Wikipedia article at [[:zh:太子集團跨國犯罪組織案]]; see its history for attribution. You may also add the template {{Translated|zh|太子集團跨國犯罪組織案}} to the talk page. For more guidance, see Wikipedia:Translation.

Prince Holding Group Native name Khmer: ព្រីនស៍ ហូលឌីង គ្រុប Chinese: 太子集团控股 Industry Real estate development, financial services, consumer services Founded 2015 Key people Chairman: Chen Zhi Subsidiaries Prince Real Estate Group, Prince Huan Yu Real Estate Group, Prince Bank Website www.princeholdinggroup.com

**Prince Group**, officially **Prince Holding Group** is a [company](/source/Company) based in [Cambodia](/source/Cambodia). Described as "one of Cambodia's largest [conglomerates](/source/Conglomerate_(company))",[1] the company has interests in various sectors such as real estate (Prince Real Estate Group), financial services (Prince Bank) and airlines ([Cambodia Airways](/source/Cambodia_Airways)).[2][3][4] In 2025, it and its chairman [Chen Zhi](/source/Chen_Zhi_(businessman)) were sanctioned by the United States and United Kingdom for their alleged role in operating [scam centers](/source/Scam_centers_in_Cambodia) and online fraud.

## History

The group was founded by [Chen Zhi](/source/Chen_Zhi_(businessman)) in 2015.[5] The Prince Group invested heavily in [Sihanoukville](/source/Sihanoukville), which became a "Chinese casino boomtown", offering physical and online casinos targeted at the mainland Chinese market, where gambling is illegal.[6]

In 2017, Chen and Prince Group co-founded the Jinbei Casino[7][8] with [Sar Sokha](/source/Sar_Sokha), a Cambodian politician who later became Deputy Prime Minister.[9][10]

The businesses flourished until 2019, when online gambling was criminalized in Cambodia, followed shortly by the travel restrictions of the [COVID-19 pandemic](/source/COVID-19_pandemic_in_Cambodia) and the resulting collapse in inbound travel to Cambodia.[6]

In 2021, Prince Group was given the Corporate Social Responsibility Model Award by China Finance Summit (CFS).[11]

## Criminal charges

Main article: [Prince Group transnational criminal organization case](/source/Prince_Group_transnational_criminal_organization_case)

In May 2020, [Beijing Municipal Public Security Bureau](/source/Beijing_Municipal_Public_Security_Bureau) began investigating the Prince Group's connections to online gambling and [money laundering](/source/Money_laundering). In July 2022, a court in [Wangcang County](/source/Wangcang_County), [Sichuan](/source/Sichuan) alleged that the Prince Group had profited at least 2 billion [Chinese yuan](/source/Chinese_yuan) (US$700 million) from illegal gambling since 2016. A Prince Group spokesman denied the allegations, saying the Jinbei Group was unrelated and other entities were fraudulently impersonating the Prince Group.[6]

Assets belonging to the group were frozen in October 2025 as part of an investigation by the [Department of Justice](/source/United_States_Department_of_Justice) into [wire fraud](/source/Wire_fraud) and money laundering by Chen. These assets included 127,271 [bitcoin](/source/Bitcoin) (worth over $14 billion, making this the largest [cryptocurrency](/source/Cryptocurrency) seizure to date) and 19 properties in London.[12][13] [Hong Kong](/source/Hong_Kong) subsequently froze [HK](/source/Hong_Kong_dollar)$2.75 billion (US$354 million) of assets tied to Prince Group,[14] with [Singapore](/source/Singapore) seizing [S$](/source/Singapore_dollar)150 million (US$115 million) of Prince Group assets including six properties, 11 cars and a yacht.[15]

In January 2026, Cambodia stated that Chen had been arrested, stripped of his Cambodian citizenship, and extradited to China with two others to face charges.[16] The central bank of Cambodia also ordered the [liquidation](/source/Liquidation) of Prince Bank.[16]

In April 2026, [Huione Group](/source/Huione_Group)'s former chairman Li Xiong was extradited from Cambodia to China to face money laundering charges. Chinese authorities described Huione as a subsidiary of Prince Group and Li as a key member of Chen Zhi's "criminal gang".[17]

## Businesses and projects

Selected companies and branded projects associated with Prince Holding Group Name Business area Prince Bank PLC (also known as Prince Finance PLC)[18] Banking and finance Prince Real Estate Cambodia Group Co. Ltd. (also known as Prince Real Estate Group)[18] Real estate Prince Huan Yu Real Estate Cambodia Group Co. Ltd.[18] Real estate Prince Plaza Investment Co. Ltd. (Prince Plaza)[18][19] Retail and real estate Prince Times Plaza Co. Ltd. (Prince Times Plaza)[18] Real estate Prince Times Hotel Management Co. Ltd. (Prince Times Hotel)[18] Hospitality Prince Yacht Club Cambodia Co. Ltd. (Prince Yacht Club)[18] Hospitality Prince Seashore No.1 Co. Ltd. (Prince Seashore No 1)[18] Real estate Prince Smart Garden Co. Ltd. (Prince Smart Garden)[18] Real estate Prince Super Market Cambodia Co. Ltd. (Prince Super Market)[18] Retail Jin Bei Group Co. Ltd. (also known as Jinbei Casino)[18][20] Gaming and hospitality Golden Fortune Resorts World Co. Ltd. (also known as Golden Fortune Science and Technology Park)[18][20] Real estate and technology park Warp Data Technology Lao Sole Co. Ltd.[18][20] Cryptocurrency mining Grand Legend International Asset Management Group Co. Ltd.[18][20] Overseas investment Prince Horology Vocational Training Center[18] Training and education Prince Foundation[19] Philanthropy Cambodia Airways[21] Aviation

## References

1. **[^](#cite_ref-1)** ["Explainer | Who is Chen Zhi, the 'untouchable' tycoon linked to Cambodia's scam hubs?"](https://www.scmp.com/news/asia/southeast-asia/article/3329212/who-cambodias-chen-zhi-untouchable-tycoon-linked-scam-hubs). *South China Morning Post*. October 16, 2025.

1. **[^](#cite_ref-cna_2-0)** ["What we know about Cambodia's Prince Group and its boss, accused of masterminding massive crypto scam"](https://www.channelnewsasia.com/asia/prince-holding-group-chen-zhi-us-crypto-scam-what-we-know-5405601). *CNA*.

1. **[^](#cite_ref-3)** Jack Adamović Davies (October 11, 2024). ["EXCLUSIVE: Prince Group ties risk tainting Cambodia's first US IPO"](https://www.rfa.org/english/news/cambodia/cambodia-airways-prince-group-ipo-sec-10112024100042.html). *Radio Free Asia*.

1. **[^](#cite_ref-4)** ["Prince Group Chairman Chen Zhi donates $2 million more to Laos' anti-COVID efforts - Khmer Times"](https://www.khmertimeskh.com/50979858/prince-group-chairman-chen-zhi-donates-2-million-more-to-laos-anti-covid-efforts). 30 November 2021.

1. **[^](#cite_ref-bbcbio_5-0)** ["Chen Zhi: The mysterious figure accused of masterminding a $14bn crypto scam"](https://www.bbc.com/news/articles/c70jz8e00g1o). *www.bbc.com*. October 23, 2025.

1. ^ [***a***](#cite_ref-rfa-pt1_6-0) [***b***](#cite_ref-rfa-pt1_6-1) [***c***](#cite_ref-rfa-pt1_6-2) ["Part I: Chinese courts go after 'notorious' Cambodian conglomerate"](https://www.rfa.org/english/news/special/prince-group/). *www.rfa.org*.

1. **[^](#cite_ref-7)** ["Jin Bei Casino & Hotel: A Glimpse of Luxury Gaming"](https://www.thecasinos.com/cambodia/sihanoukville/jin-bei-casino--hotel). *thecasinos.com*. Retrieved 26 October 2025.

1. **[^](#cite_ref-8)** ["Jin Bei Casino Hotel"](https://web.archive.org/web/20250210004717/http://jinbei-group.com/en/jbcasinohotel.html). *jinbei-group.com*. Archived from [the original](http://jinbei-group.com/en/jbcasinohotel.html) on February 10, 2025. Retrieved 26 October 2025.

1. **[^](#cite_ref-:0_9-0)** ["Cypriot Passport Bought by Shadowy Ally of Cambodian Interior Minister"](https://www.rfa.org/english/news/cambodia/cypress-passport-09162020073308.html). *Radio Free Asia*. 2020-09-16. Retrieved 2025-05-27.

1. **[^](#cite_ref-:3_10-0)** Kennedy, Lindsey; Southern, Nathan Paul (2024-10-15). ["Cambodia's Billion Dollar Scam"](https://www.thedial.world/articles/news/issue-20/cambodia-cyber-scams-human-trafficking). *The Dial*. Retrieved 2025-05-27.

1. **[^](#cite_ref-11)** ["Boosting Economic Growth and Leading a Better Life: Prince Group Wins the "2021 Corporate Social Responsibility Model Award" at the 10th China Finance Summit"](https://web.archive.org/web/20251021145655/https://mp.weixin.qq.com/s?src=11&timestamp=1761055117&ver=6310&signature=hifto3wvP5yWw1VnSC7grEZmU8nHidrdUdR-duL4BB-Kru03P3Jf0Kjh8j4VmZf2bFTcf%2AJvmTFpd3ih8WwnvAlovWslbX8%2ABBx2sFXmE01ZBW604lB%2AGShHFnqPxFHK&new=1). 柬埔寨柬单网. 2021-07-29. Archived from [the original](https://mp.weixin.qq.com/s?src=11&timestamp=1761055117&ver=6310&signature=hifto3wvP5yWw1VnSC7grEZmU8nHidrdUdR-duL4BB-Kru03P3Jf0Kjh8j4VmZf2bFTcf*JvmTFpd3ih8WwnvAlovWslbX8*BBx2sFXmE01ZBW604lB*GShHFnqPxFHK&new=1) on 2025-10-21.

1. **[^](#cite_ref-bbc_12-0)** ["Bitcoin worth $14bn seized in US-UK crackdown on alleged scammers"](https://www.bbc.com/news/articles/c70jw436n0yo). *www.bbc.com*. October 15, 2025.

1. **[^](#cite_ref-13)** ["UK and US take joint action to disrupt major online fraud network"](https://www.gov.uk/government/news/uk-and-us-take-joint-action-to-disrupt-major-online-fraud-network). *GOV.UK*.

1. **[^](#cite_ref-14)** ["LATEST: Hong Kong freezes $354m tied to Prince Group"](https://www.amlintelligence.com/2025/11/latest-hong-kong-freezes-354m-tied-to-prince-group/). 4 November 2025.

1. **[^](#cite_ref-15)** ["Singapore police seize over S$150 million in assets as part of money laundering probe into Cambodia's Prince Group"](https://www.channelnewsasia.com/singapore/prince-holding-group-chen-zhi-money-laundering-probe-singapore-police-5437136).

1. ^ [***a***](#cite_ref-arrest_16-0) [***b***](#cite_ref-arrest_16-1) ["Alleged scam kingpin Chen Zhi arrives in China after extradition from Colombia"](https://www.theguardian.com/world/2026/jan/08/alleged-scam-kingpin-chen-zhi-extradited-china-cambodia-arrest). *The Guardian*. 2026-01-08.

1. **[^](#cite_ref-17)** Gebrekidan, Selam (April 1, 2026). ["The Fall of a Cambodian Money-Laundering Giant"](https://www.nytimes.com/2026/04/01/world/asia/china-cambodia-huione-extradition.html) – via NYTimes.com.

1. ^ [***a***](#cite_ref-OFAC-PrinceGroup-2025_18-0) [***b***](#cite_ref-OFAC-PrinceGroup-2025_18-1) [***c***](#cite_ref-OFAC-PrinceGroup-2025_18-2) [***d***](#cite_ref-OFAC-PrinceGroup-2025_18-3) [***e***](#cite_ref-OFAC-PrinceGroup-2025_18-4) [***f***](#cite_ref-OFAC-PrinceGroup-2025_18-5) [***g***](#cite_ref-OFAC-PrinceGroup-2025_18-6) [***h***](#cite_ref-OFAC-PrinceGroup-2025_18-7) [***i***](#cite_ref-OFAC-PrinceGroup-2025_18-8) [***j***](#cite_ref-OFAC-PrinceGroup-2025_18-9) [***k***](#cite_ref-OFAC-PrinceGroup-2025_18-10) [***l***](#cite_ref-OFAC-PrinceGroup-2025_18-11) [***m***](#cite_ref-OFAC-PrinceGroup-2025_18-12) [***n***](#cite_ref-OFAC-PrinceGroup-2025_18-13) [***o***](#cite_ref-OFAC-PrinceGroup-2025_18-14) ["Transnational Criminal Organizations Designations; Issuance of TCO-related General License"](https://ofac.treasury.gov/recent-actions/20251014). *Office of Foreign Assets Control*. U.S. Department of the Treasury. 14 October 2025.

1. ^ [***a***](#cite_ref-CNA-PrinceGroup-2025_19-0) [***b***](#cite_ref-CNA-PrinceGroup-2025_19-1) ["What we know about Cambodia's Prince Group and its boss, accused of masterminding massive crypto scam"](https://www.channelnewsasia.com/asia/prince-holding-group-chen-zhi-us-crypto-scam-what-we-know-5405601). *Channel News Asia*. 16 October 2025.

1. ^ [***a***](#cite_ref-Treasury-SB0278-2025_20-0) [***b***](#cite_ref-Treasury-SB0278-2025_20-1) [***c***](#cite_ref-Treasury-SB0278-2025_20-2) [***d***](#cite_ref-Treasury-SB0278-2025_20-3) ["U.S. and U.K. Take Largest Action Ever Targeting Cybercriminal Networks in Southeast Asia"](https://home.treasury.gov/news/press-releases/sb0278). *U.S. Department of the Treasury*. 14 October 2025.

1. **[^](#cite_ref-RFA-CambodiaAirways-2024_21-0)** Adamović Davies, Jack (11 October 2024). ["EXCLUSIVE: Prince Group ties risk tainting Cambodia's first US IPO"](https://www.rfa.org/english/news/cambodia/cambodia-airways-prince-group-ipo-sec-10112024100042.html). *Radio Free Asia*.

## External links

- [Official website](https://www.princeholdinggroup.com/)

v t e Business institutions, banks, commercial groups, and oknha in Cambodia Institutions Ministry of Economy and Finance Cambodia Securities Exchange National Bank of Cambodia Special Economic Zones Economy of Cambodia Banks ACLEDA Bank ANZ Royal Bank Cambodia Asia Bank Cambodia Commercial Bank Cambodian Public Bank Canadia Bank Bank for Investment and Development of Cambodia Oriental Bank PLC Phnom Penh Commercial Bank Public Bank Berhad Vattanac Bank Commercial groups Chip Mong NagaCorp Sokimex The Royal Group Oknha Choeung Sopheap Kith Meng Kok An Lau Meng Khin Ly Yong Phat Mengly Jandy Quach Mong Reththy Sok Kong

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Adapted from the Wikipedia article [Prince Group](https://en.wikipedia.org/wiki/Prince_Group) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Prince_Group?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.