How Hunter Biden s Firm Helped Secure Cobalt for the Chinese – The New York Times

An investment firm where Hunter Biden, the president s son, was a founding board member helped facilitate a Chinese company s purchase from an American company of one of the world s richest cobalt mines, located in the Democratic Republic of Congo.

Mr. Biden and two other Americans joined Chinese partners in establishing the firm in 2013, known as BHR and formally named Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company.

The three Americans, all of whom served on the board, controlled 30 percent of BHR, a private equity firm registered in Shanghai that makes investments and then flips them for a profit. The rest of the company is owned or controlled by Chinese investors that include the Bank of China, according to records filed with Chinese regulators.

via www.nytimes.com