Posted on 01/28/2021 6:49:20 PM PST by bitt
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.
Hunter Biden’s lawyer, George Mesires, did not return numerous requests for comment asking to confirm if his client is in the process of offloading his stake in BHR and when he expects that process to be completed.
Mesires said in an October 2019 statement that Hunter Biden had not received any return on his investment in BHR, but emails located on a copy of Hunter Biden’s alleged laptop show that he was told on multiple occasions by his business partner Eric Schwerin that he would begin receiving significant payments from the firm beginning in 2019, the Daily Caller News Foundation previously reported.
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