BHR Partners, a Chinese private equity firm updated it’s business report and removed Hunter Biden from the board of directors but he still owns 10% of the company. Hunter was supposed to quit the board by October of 2019 but some records show he resigned six months later according to the China’s National Credit Information Publicity System (NCIPS) .
Joe Biden pledged months ago that no member of his family would have business dealings over seas. But a 10% stake in an equity company with 2.1 billion in assets sounds pretty large to me. He bought in for $420,000 in 2017.
Trump folks pushing a line that Hunter Biden never resigned from board, citing an apparently outdated database entry. (https://t.co/Rc6YadEK61) Now Hunter Biden’s lawyer has obtained letter confirming he did resign in October, as originally reported. https://t.co/wWRlYLgLYg pic.twitter.com/jvSjBHoVrL
— Glenn Kessler (@GlennKesslerWP) April 17, 2020
When it was announced that Hunter Biden would be quitting the board of a Chinese equity firm, lots of news outlets credulously reported it.
Six months later, records indicate that Hunter has not, in fact, quit.
Will the mainstream media be following up? https://t.co/Y8alqdYsDu
— Tim Murtaugh – Download the Trump 2020 app today! (@TimMurtaugh) April 16, 2020
The Biden campaign did not respond when asked if the candidate will call on his son to relinquish his equity stake in the Chinese private equity firm.
BHR manages the equivalent of $2.1 billion in assets, according to its website. Hunter Biden began serving as an unpaid member of BHR’s board when it was founded in 2013, and in October 2017 he obtained his equity stake in the firm with a $420,000 investment, according to a statement issued by his lawyer, George Mesires, in October.
BHR’s business records with the NCIPS were updated on April 20 to reflect Hunter Biden’s departure from its board less than one week after the Daily Caller News Foundation reported on April 14 that his name was still listed as a member of the firm’s board at the time and that no evidence had yet surfaced to prove that Biden had actually relinquished his position with the company.