After Chen Zhi's arrest, the large real estate project under the Prince Group was prohibited from sales, and the liquidation process of Prince Bank has been initiated.

2026-01-13 06:57:52

ChainCatcher News reports that, following the arrest of Prince Group founder Chen Zhi, the National Regulatory Authority for Real Estate and Mortgage Loans (NRPC) in Cambodia on January 12 ordered a suspension of sales activities for five major apartment and residential development projects under its jurisdiction. Buyers who have already signed contracts are still required to fulfill their obligations according to the agreements, and those who pay in full can apply for property transfer. It is understood that this administrative decision to suspend sales is based on Prince Group’s recent involvement in major illegal and regulatory violations.

Additionally, the National Bank of Cambodia has announced that, in accordance with the country’s current laws and regulations, it has officially initiated liquidation procedures for Prince Bank.

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