Singapore has seized assets worth 2.7 billion RMB from the Prince Group led by Chen Zhi.

BlockBeats News, March 4th, the Singapore Police Force issued a statement stating that they had arrested three Singaporeans suspected of being involved in a money laundering case related to the Tan Tiong Group from November last year to January this year, and have issued an arrest warrant for another Singaporean woman, Tan Siow Ling.

In October 2025, the police seized or froze assets worth over 150 million Singapore dollars and subsequently issued additional freezing orders for three properties, eight cars, seized cash (including various foreign currencies), bank and securities accounts, designer handbags, and watches, with a total estimated value of 350 million Singapore dollars.

So far, the total value of assets seized and/or frozen related to this case has exceeded 500 million Singapore dollars (approximately 2.7 billion RMB).