TechFlow News, May 13: According to HK01, the Hong Kong High Court has granted the Department of Justice’s application for an injunction against CHEN Zhi, founder of Prince Group, and 42 other individuals and entities, freezing approximately HK$8.938 billion in assets—including bank deposits, securities, stocks, and real estate. Of this amount, assets held by or under the control of CHEN Zhi exceed HK$6.36 billion. Notably, ZHOU Yun—who is alleged to have assisted in managing these assets—holds approximately HK$15.92 million worth of assets in his personal account, including Hong Kong dollars, euros, and Bitcoin. Court documents indicate that the injunction was issued under the Organized and Serious Crimes Ordinance, and the case is scheduled for further hearing on August 3.
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