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

BlockBeats News, May 13th, according to HK01, the Hong Kong High Court approved the Department of Justice's application for a restraining order against 42 individuals, including Chen Zhi, and companies, freezing a total of HK$8.93 billion in assets, including deposits, properties, and stocks.

Among them, Chen Zhi's assets exceed HK$6.36 billion, including HK$2.2 billion in deposits, a building at 68 Kimberley Road, Tsim Sha Tsui, valued at HK$3 billion, and Mount Nicholson villa in the Mid-Levels valued at HK$1 billion. Zhou Yun, who assists in managing the assets, has total assets of over HK$2 billion, with personal accounts holding the equivalent of HK$15.92 million in Hong Kong dollars, euros, and bitcoins.

In addition, Prince Group related individuals Hu Xiaowei and Li Tian had approximately HK$400 million and HK$172 million in assets frozen, respectively. The court will reconvene on August 3rd to decide whether to extend the restraining order.