The Hong Kong High Court has approved the freezing of HK$8.9 billion in assets belonging to Prince Group's Chen Zhi and others.

PANews reported on May 13 that, according to HK01, the Hong Kong High Court has granted the Department of Justice's application for a restraining order against 42 individuals, including Chan Chi, and their companies, freezing a total of HK$8.93 billion in assets, including deposits, properties, and stocks.

The assets involved in the case of Chen Zhi alone exceed HK$6.36 billion, including HK$2.2 billion in bank deposits, the entire commercial building at 68 Kimberley Road, Tsim Sha Tsui, valued at HK$3 billion, and the Mount Nicholson villa on The Peak, valued at HK$1 billion. Zhou Yun, who assisted in managing his assets, has total assets exceeding HK$2 billion, and her personal accounts hold HK$15.92 million worth of Hong Kong dollars, euros, and Bitcoin. In addition, assets of approximately HK$400 million and HK$172 million respectively belonging to Hu Xiaowei and Li Tian, ​​both related to Prince Group, have been frozen. The court will reconvene on August 3 to decide whether to extend the restraining order.

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Author: PA一线

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