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2021-01-29 -Lurid Crime Tales-

Hunter Biden Continues To Hold Stake In Chinese Private Equity Firm, Records Show, Despite Reports That He Was Planning To Divest

Mods: please consider adding a subgroup of Corruption. It will get frequent use.
[Daily Caller] Hunter Biden continues to hold a 10% stake in the Chinese private equity firm BHR Partners, Chinese business records show, despite multiple reports from December suggesting he was divesting his position in the company.

Both the Daily Mail and Fox News reported in late December that Hunter Biden was in the process of offloading his stake in BHR. Both outlets cited an unnamed source with Hunter Biden and his business dealings.

But Hunter Biden continues to hold his equity stake in BHR through his company, Skaneateles LLC, as of Wednesday, according to Qixinbao and Baidu, two independent services that provide business records on Chinese corporations based on China’s National Credit Information Publicity System. Hunter Biden is the sole beneficial owner of Skaneateles LLC, according to Washington D.C. corporate records.

BHR manages the equivalent of $2.1 billion in assets and is co-owned by the Chinese state-controlled Bank of China.

Also: Hunter Biden Was Due To Receive ’Significant’ Payments From Chinese Private Equity Firm Starting In 2019, Emails Show

An email Schwerin sent to Mesires on March 6, 2019, indicated that Hunter Biden's loan was extended.

"BHR was valued at RMB 60m in November 2016. In today's dollars that equates to $8.94m. Skaneateles shares would therefore be valued at $894,000," Schwerin wrote to Mesires in the email that was later forwarded to Hunter Biden.

"I am attributing the full value of the shares even though there is a $150,000 loan due to BHR by Skaneateles because there is a high likelihood that there will be a distribution in 2019 that would repay the loan and still provide a distribution to Skaneateles," Schwerin added. "This is not even taking in consideration future distributions from exits of Henniges, Sinopec, and Face++. All of these investments are likely to be profitable for BHR."

Posted by Butch Hatfield8086 2021-01-29 02:28|| || Front Page|| [11 views ] Top
File under: Commies

#1 subgroup of Corruption

seconded.

Posted by Mercutio 2021-01-29 07:17|| 2021-01-29 07:17|| Front Page Top

#2 When does the Kamala Harris clan start cashing in? Or has that already started?

Posted by Ebbomoger Speaking for Boskone4589 2021-01-29 11:04|| 2021-01-29 11:04|| Front Page Top

#3 My outrage is worn out. This is just what he does, and his daddy is happy to delegate the work. I’m ready to corral all the stories into a weekly Hunter Biden roundup — on Sunday perhaps — and let the rest of the week be HB-free.

Posted by trailing wife 2021-01-29 14:13|| 2021-01-29 14:13|| Front Page Top

#4 /\ HB-free.

Is there a vaccine for that by chance ?

Posted by Besoeker 2021-01-29 15:35|| 2021-01-29 15:35|| Front Page Top

#5 You never unload when everybody expects you to.
Drives the price down.

Posted by ed in texas 2021-01-29 19:23|| 2021-01-29 19:23|| Front Page Top

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