PHNOM PENH, CAMBODIA –
Media OutReach – 28 August 2023 –
Prince Holding Group, a leading business group in Cambodia, clinched two accolades from The Global Economics Awards, an esteemed program honoring exemplary business entities worldwide for their tenacity and credibility.
Neak Oknha Chen Zhi, Prince Group Chairman, was conferred the Leading Personality of the Year Award. Concurrently, the Chen Zhi Scholarship Program by Prince Foundation garnered the Best CSR Initiatives Award.
Chen Zhi at the MOU signing with Ministry of Education Youth and Sport for the Chen Zhi Scholarship
Chen Zhi, a renowned
Cambodian entrepreneur and philanthropist, was lauded for his visionary prowess and stellar leadership. He has elevated Prince Group to be amongst the leading business groups in the Kingdom, emphasizing a commitment to the nation’s future, sustainable business practices, and adherence to global benchmarks.
Under Chen Zhi’s stewardship, the Group has broadened its business ventures in Cambodia, spanning sectors like real estate development, financial services, and consumer services.
Prince Foundation, the philanthropic arm of Prince Holding Group, also gained recognition for the Chen Zhi Scholarship, a seven-year initiative pledging $2 million to support 400 Cambodian university students.
“We’re deeply gratified by this dual acknowledgment. The leadership award mirrors our Chairman Chen Zhi’s faith in Cambodia’s potential and his unwavering commitment to bolstering the nation’s socio-economic fabric,” expressed Gabriel Tan, Chief Communications Officer at Prince Holding Group.
“In a similar vein, the CSR award underlines our dedication to societal welfare and community enrichment. The Chen Zhi Scholarship epitomizes our investment in Cambodia’s future, aiming to cultivate the forthcoming wave of trailblazers and pioneers. We are resolute in our belief that education is instrumental in unlocking innate potential, fostering a thriving and sustainable society,” elaborated Mr. Tan.
Initiated in 2021, the Chen Zhi Scholarship is an all-encompassing scholarship scheme. It covers full tuition, monthly stipends, internships, and professional opportunities for scholars specializing in fields like information technology, engineering, computer science, international business management, media, communications, civil engineering, digital economics, and hospitality. Championed by Dr. Hang Chuon Naron, Minister of the Ministry of Education, Youth, and Sport (MoEYS), the initiative champions inclusivity, ensuring access to education irrespective of economic background or gender.
Prince Foundation allocated US$2.6 million in 2022. The foundation’s cumulative philanthropic contributions over the past seven years have amassed over US$16 million, positively impacting over 1 million Cambodians.
The issuer is solely responsible for the content of this announcement.