Hunter Biden in lucrative deal with Chicom coal company

Biz Pac Review:

Presumptive Democrat presidential nominee and professed environmentalist Joe Biden has made it explicit that he is a foe of the U.S. coal industry in the U.S., but his son is allegedly cashing in on the coal industry in China in a venture with a CCP-controlled enterprise.

Although these arrangements are complicated to sort out unless you’re a forensic accountant, Hunter Biden reportedly owns 10 percent of a private equity firm called Bohai Harvest, which apparently is also known as BHR Partners, that entered into a contract with a company called Yancoal.

The younger Biden allegedly entered into this deal while his dad was still in office as vice president under Obama.

“The majority shareholder of the coal company is a Chinese state-owned enterprise Yankuang Group,” The National Pulse claimed about the lucrative plan.

“Alongside two state-owned Chinese banks, Bohai Harvest pledged $950 million, and in return ‘collect[ed] interest of 8.55% a year on $760 million of the bonds, plus interest of up to 15% a year on the remainder.'”

An unpaid member of the board upon its founding in 2013, Hunter Biden obtained an equity stake in BHR with a $420,000 investment in October 2017.

As of April, Hunter Biden reportedly had not divested his shares in the company, which he apparently owns through an LLC, although he did finally step down from its board.
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This is another example of how Joe Biden monetized the office of the Vice President to benefit his family.  It also shows that while he is trying to kill the coal industry in the US, his son is benefiting from it in one of the biggest polluters of the world, China.