In 2015, the Chinese company Gemini Investments acquired a controlling stake in Rosemont Realty, a sister company of the Rosemont Seneca firm Hunter Biden founded in 2009. The Chinese firm pledged $3 billion for “commercial office property acquisitions” in the U.S.; in other words, allowing the firm to control major swaths of American real estate.
(Article by Natalie Winters republished from TheNationalPulse.com)
Gemini Investments is a subsidiary of the Sino-Ocean Group, which was founded as a state-owned enterprise and boasts of its President holding a high-level leadership position within the Chinese Communist Party.
Per the group’s “Development history,” “Li Ming, Chairman and President of Sino-Ocean Group, attended the opening meeting as the newly elected member of the 13th National Committee of the Chinese People’s Political Consultative Conference.”
Sino-Ocean Group is also a branch of COSCO Shipping, a controversial, Shanghai-based logistics company labeled as a “thinly veiled arm of the Chinese military” by a task force of the U.S. House of Representatives. What’s more, 11 of its 13 executives boast of their high-level Chinese Communist Party affiliations on COSCO’s website.
Beyond inking deals with a hostile, foreign government, the deal also gave the Chinese Communist Party unfettered access and control over the company’s real estate portfolio of “33 properties with a total of 56 buildings totaling approximately 8 million square feet located in 13 states.”
The practice is common for Chinese Communist Party-linked businesses, and per the U.S.-China Economic and Security Review Commission, functions as the primary avenue for predatory and national security-endangering acquisition of American property by the Chinese Communist Party.
Read more at: TheNationalPulse.com
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