Hunter Biden Still Owns 10 Of Chinese Company – Reports

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Hunter Biden, the son of the Democratic president-elect Joe Biden, continues to own a 10% stake in BHR Partners – a Chinese company established and funded by both private investors and local authorities, including such as People’s Bank of China, The WSJ has reported.

The stake is held by Biden’s Skaneateles LLC based in Delaware, according to the documentation unearthed by newspaper.
Biden invested around $420,000 in the company, established around two weeks after he arrived in China on board his father’s plane, while the latter was visiting the Asian nation as vice president of the US.

Part of the money was lent to Hunter Biden by his co-investors from BHR, the newspaper added.

Since then, the firm has acquired assets worth over $1 billion.

Meanwhile, Fox London Daily News reported citing an anonymous source that Hunter Biden is currently trying to get rid of his stake in the company, but has not yet succeeded.

Representatives for Hunter Biden and his father, President-elect Joe Biden have not commented on the WSJ report.