Wednesday, November 24, 2021

How Hunter Biden’s Firm Helped Secure Cobalt for the Chinese - The New York Times

An investment firm where Hunter Biden, the president’s son, was a founding board member helped facilitate a Chinese company’s purchase from an American company of one of the world’s richest cobalt mines, located in the Democratic Republic of Congo.

Mr. Biden and two other Americans joined Chinese partners in establishing the firm in 2013, known as BHR and formally named Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company.

The three Americans, all of whom served on the board, controlled 30 percent of BHR, a private equity firm registered in Shanghai that makes investments and then flips them for a profit. The rest of the company is owned or controlled by Chinese investors that include the Bank of China, according to records filed with Chinese regulators.

via www.nytimes.com

https://rightcoast.typepad.com/rightcoast/2021/11/how-hunter-bidens-firm-helped-secure-cobalt-for-the-chinese-the-new-york-times.html

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Comments

2013, eh? How was Brandon filling the hours in those days? I know: he was VP. So really it should read "Hunter Biden, the then vice-president’s son ...". How much did the Big Guy make out of the deal?

Posted by: dearieme | Nov 24, 2021 6:50:07 AM

One wonders where Hunter would be now in life without the last name of "Biden"...

Posted by: jmod46 | Nov 24, 2021 7:31:48 AM

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