Hunter Biden-founded company still holds 10% stake in Chinese firm, records show
by Jerry Dunleavy, Justice Department Reporter |
| July 18, 2022 06:30 AM
https://www.washingtonexaminer.com/news/...na-records-show



Hunter Biden's lawyers insist he has divested from a 10% stake in a Chinese government-linked company, but they won't say whom he sold it to or how much money he may have made as a result.

Chinese business records still list Skaneateles, an LLC started by Hunter Biden, as a 10% owner of the Chinese investment firm BHR Partners, more than seven months after his lawyer said he had completely divested from the venture. He had been under pressure to ditch the stake in the wake of his father winning the 2020 election.

Hunter's lawyer Chris Clark told the New York Times in November his client "no longer holds any interest, directly or indirectly in either BHR or Skaneateles."

"Please read the language you quoted below," Clark told the Washington Examiner in an email Friday. "Internalize it." He did not answer how Hunter had divested from BHR or Skaneateles, if he had sold his stake, and whether he had made money from the Chinese business effort.

White House deputy press secretary Andrew Bates referred the Washington Examiner to Hunter Biden's representatives when asked for comment.

Business records from China's National Credit Information Publicity System continue to identify Skaneateles as a 10% owner in BHR, and U.S. business records have listed Hunter as the only owner of Skaneateles.

Chinese site Qixin says the latest filing comes from BHR itself and that it was filed last month. The 2021 annual report by BHR has an “announcement date” of June 20. Skaneateles is still listed as a “shareholder” with a 10% stake.

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The Department of Consumer and Regulatory Affairs informed the Washington Examiner in March there have been no filings submitted for Skaneateles since Oct. 20, when a two-year report for the entity was filed listing Hunter as the sole "governor" of the company. Skaneateles is listed as "revoked" in the DCRA's online business registry because a $300 "reinstatement fee" has not yet been paid for the LLC, a representative for DCRA told the Washington Examiner.

A report for Skaneateles from DCRA listed Hunter as the “governor” for the company as of Oct. 20, when a $400 filing fee was paid. The public business records for Skaneateles on the DCRA’s website list Hunter Biden as the “executing officer” of the company with the same address.

The DCRA site still says the most recent report for Skaneateles remains the October filing. -- excerpt, rest at link above --