Hunter, Joe, a Chinese Partner, and a Michigan Auto Parts Company – What Could Go Wrong?
The basics of this story are not new. In 2015, Bohai Harvest Rosemont — referred to in the media as BHR — announced that it was acquiring a 49% stake in Henniges Automotive, an auto parts manufacturer located in Auburn Hills, Michigan. The acquisition was made in partnership with AVIC Automotive Systems Holding Co Ltd, which acquired the other 51% interest in Henniges.
But nothing about the deal is quite what it seemed on its face. AVIC Automotive Systems Holding Co. was a wholly-owned subsidiary of AVIC — Aviation Industry Corporation of China — the largest defense contractor for the Chinese military. AVIC is a government-owned aerospace and defense conglomerate.
The fact that AVIC had an auto parts manufacturing subsidiary is the equivalent of General Dynamics or Lockheed Martin having a subsidiary that went around buying radiator belt manufacturers.
So, who is who, and what exactly happened in the purchase and since then.
BHR describes itself in the press release announcing the acquisition.
RSB, LLC refers to Rosemont Seneca Bohai, a company owned by Hunter Biden and Devon Archer. Thornton Group LLC was a Boston based company led by James Bulger, son of longtime Massachusetts House Leader Billy Bulger, a key ally of John Kerry. Devon Archer was John Keery’s co-National Finance Chairman when he ran for President in 2004. Archer was also college roommates at Yale with Kerry’s step-son, Christopher Heinz.
It is reported that RSB and Thornton LLC had a combined 30% interest in BHR, with the remaining 70% controlled by the Chinese financial institutions listed in the press release.
It is important to understand one thing that was referenced quite clearly in the press release — the US-based partners contributed their “networks and cross-border excellence” to the joint-venture. “Networks,””contacts,” “connections” — those are not dirty words in Chinese economic matters. “Who you know” in Chinese affairs often dictates the success or failure fo a business enterprise. The fact that Biden, Archer, and Bulger brought “Networks” that could be exploited to the joint-venture was a feature, not a bug, of the arrangement.
I noted above that AVIC is the largest defense conglomerate in China. It has also been sanctioned by the United States Department of Defense five times since the mid-1990s for seeking to acquire US companies with “dual-use” technologies.
That is the company that Hunter Biden’s “investment firm” partnered with in 2015 to purchase the Michigan auto parts manufacturer.
The acquisition of Henniges Automotive by BHR and AVIC was announced on September 15, 2015.
Earlier on Friday Brierbart published emails between Devon Archer, Hunter Biden, and Bevan Cooney and Jason Sugarman on the same day, where the subject line said “Proof of Concept!!!”, and the messages celebrated the closing of the Henniges deal.
So, I’m sure some of you are wondering “SWC — what’s the big deal over some bumper maker in Michigan, and why should we care that Hunter Biden made a few extra bucks helping a Chinse company buyout the shareholders at top dollar?”
The problem is that Henniges doesn’t make bumpers or brake pads. Henniges is the leading manufacturer in the world of anti-vibration materials and components used in high-end luxury automobiles. The technology developed as the intellectual property of Henniges and has significant dual-use applications.
Anti-vibration technology is crucial in the manufacturing of helicopters, fighter aircraft, and missle technology – all the things that AVIC manufactures for the Chinese military, as well as exports to rogue nations like Iran and North Korea.
But remember — AVIC is owned by the Chinese Communist Party, so 51% of Henniges is now owned by the Chinese Communist Party. The other 49% is owned by BHR — which itself is owned 70% by the Chinese Communist Party. If you do the math, you see that Henniges is 85% owned by the Chinese Communist Party and Chinese military — with a 15% “beard” ownership by individuals connected to Joe Biden and John Kerry.
What could go wrong — right? Well, this:
Henniges Automotive Strengthens Global Presence with New Plant in China
December 20, 2017 — 27 months after Hunter Biden helped the Chinse Communist Party purchase a leading manufacturer in anti-vibration technology, the new owners decided they needed production capacity for that technology in China.
That state-of-the-art equipment is now located in China, and is owned by AVIC — which is owned by the Chinese Communist Party and Chinese military.
Hunter and Joe got paid.
https://redstate.com/shipwreckedcrew/2020/10/24/hunter-joe-a-chinese-partner-and-a-michigan-auto-part-company-what-could-go-wrong-n268342