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Hong Kong High Court freezes assets in Hong Kong belonging to Prince Group's Chen Zhi, Hu Xiaowei, and related companies, totaling approximately HKD 8.94B.
Assets include bank deposits, securities accounts, stocks, an entire commercial building in Tsim Sha Tsui, and a Mount Nicholson villa on The Peak.
Chen Zhi alone has assets in Hong Kong worth over HKD 6.36 billion.
Therefore, the funds from the scam zone ultimately end up as luxury homes, commercial buildings, publicly listed company stocks, and BVI accounts in Hong Kong.