Prince Holding Group: Singapore Arrests Karen Chen at Changi as Assets Seized or Frozen Pass S$700 Million

Singapore police have arrested Karen Chen Xiuling, a director of Singapore companies linked to the Cambodian conglomerate Prince Holding Group, on a warrant they announced in March. The 44-year-old Singaporean was arrested at Changi Airport on Thursday, 5 November, AsiaOne reports, citing a police news release issued that evening.

The charges

CNA reports that she will be charged on Friday, 6 November, with one count of instigating another person to falsify accounts and another of attempted cheating. She was a director of several Singapore-registered companies believed to be beneficially owned by Chen Zhi. One was Skyline Investment Management. It submitted a business plan and a false agreement to JTC Corporation in September 2022 to take over a property lease, and she is accused of getting an officer of another company to falsify that agreement.

When police announced the warrant in March, they said she had left Singapore before the October 2025 operations and was believed to be in Cambodia. Both offences carry jail. Police gave the maximums then: up to 10 years' jail, a fine or both for instigating falsified accounts, and up to 10 years and a fine for attempted cheating.

Assets seized or frozen

The first operation, on 30 October 2025, covered six properties, bank and securities accounts and cash worth more than S$150 million, plus a yacht and 11 cars. Police put the running total at more than S$500 million in March and more than S$600 million in June.

This week's orders add 14 properties, plus bank and securities accounts, worth about S$100 million, bringing the total seized or prohibited in relation to the Prince Holding Group to more than S$700 million.