Canopy Sands Provides Care Packages to Childcare NGO M'Lop Tapang, Sihanoukville Residents
SIHANOUKVILLE, CAMBODIA - Media
OutReach - 25 October 2021 -Canopy Sands Development ("Canopy Sands"), a member of Prince
Holding Group ("Prince Group"),
one of Cambodia's largest and fastest-growing conglomerates, has distributed
care packages to M'Lop Tapang, a local non-governmental organization as well as
villagers living at Ong Village in Sihanoukville, Cambodia. The outreach was part of Canopy Sands' ongoing efforts to support local
communities as Cambodia reopens for a
The Canopy Sands team handed over 30 tons
worth of food packs containing essentials such as rice, cooking oil and canned
food during the outreach programme involving M'Lop Tapang and residents of Ong
Village. Additionally, the donation to M'Lop Tapang also covered medical and
hygiene products alongside educational aid like made-to-order school bags from
the Indochina Starfish Foundation, a Cambodian charity that focuses on
educational initiatives for the underprivileged children in Cambodia.
"We had several conversations with
representatives from M'Lop Tapang and Ong Village to understand their specific
needs before putting together these care packages. It is our sincere hope that ongoing programs like these will be of
assistance and somewhat lessen the hardships of those hit hardest by the COVID-19
pandemic," said Khong Weng Fook, Managing Director of Canopy Sands.
M'Lop Tapang is one of the
leading charitable organizations in Sihanoukville and currently works with more
than 5,000 children in Sihanoukville providing a safe environment, medical
care, education, training and safe employment, counseling, psycho-social
support, family strengthening and protection from abuse. Ong Village is a settlement of over 200 families near the Ream City project by Canopy Sands.
Earlier in September, Prince Holding Group's philanthropic arm, Prince
Foundation, responded to a request for assistance from the Prey Nob district,
Preah Sihanouk province, in its fight against the COVID-19 pandemic by donating
5,000 PPE suits, 1,000 rapid antigen test kits, and 4,500 liters of
alcohol-based hand sanitizer. In the same month, Prince Foundation had also
launched the Chen Zhi Scholarship in partnership with the Ministry of
Education, Youth and Sport (MoEYS), offering full tuition fees and stipends for
400 Cambodian university students via an investment of US$2 million over the
coming seven years.
Through distributing essential
aid via established NGOs and the local authorities, Canopy Sands is working to develop a constructive
dialogue between local communities and the developer to ensure a productive
long-term relationship. During the donation at Ong Village, the Ream Commune
Chief, Lin Sarin, expressed his support for Ream City, hoping the project's
success will bring prosperity to his local community.
Canopy Sands is currently working on its
834-ha Ream City project, a multi-decade coastal development project working
off a master plan issued by Singaporean urban consultancy Surbana Jurong that
will involve construction efforts along sustainable real
estate development principles.
The issuer is solely responsible for the content of this announcement.
About Canopy Sands Development:
Canopy Sands Development Co.,
Ltd ("Canopy Sands") aims to accelerate the development of key Cambodian
economic sectors by initiating and driving forward economically sustainable
projects that aim to fulfill important public needs and make meaningful
contributions to local communities in Sihanoukville. By working closely with
local businesses and core sector supply chains, the overall company strategy
adopts a unique, holistic approach that delivers sustainable economic returns,
positive social benefits to the local population and attractive investment
returns. Over the next 5-10 years, the company's rapidly expanding
collaborations with public and private players in business, tourism, logistics,
retail, transportation, healthcare and education will gradually establish an
incredibly diverse portfolio of high-value projects.
In line with its strategy to
improve people's quality of life and well-being as well as strengthen the local
tourism sector in Sihanoukville, Canopy Sands is currently developing a world‐class business and
entertainment destination which will be the first of its kind in Cambodia.
Known as 'Ream City', the new
multi-cluster development will house many exciting attractions, such as an
integrated family theme park, recreational and educational zones, and a
business and financial centre, along with residential villas and apartments,
hospitality properties including 5-star hotels, resorts and apartments,
convention and wedding halls, retail and duty-free stores and airport expansion
About Prince Holding Group:
Prince Holding Group is one of
the largest conglomerates in Cambodia, with its various units focusing on three
core areas: real estate development, financial services and consumer services.
Prince Holding Group's key
business units in Cambodia include Prince Real Estate Group, Prince Huan Yu
Real Estate Group, Prince Bank, Cambodia Airways, Belt Road Capital Management,
as well as Awesome Global Investment Group. Via its subsidiaries, Prince
Holding Group has over 80 businesses in Cambodia operating in real estate
development, banking, finance, aviation, tourism, logistics, technology, food
and beverages, and lifestyle sectors etc.
Rising foreign direct
investment, free trade agreements with leading countries and future
participation in the Regional Comprehensive Economic Partnership are expected
to act as key drivers for the Cambodian economy, supported by pro-industry
policy initiatives by the government.
Leveraging a network of
industrial, business and financial professionals across Asia, Prince Holding
Group has laid the foundation to be a vital conduit for local and international
capital. Moving forward, Prince Holding Group will continue to seek out
opportunities to play an important role in Cambodia, through partnerships or
direct investments into key industries for the betterment of Cambodians and the