[Ed. – Getting a full picture would take more delving than I have time to do at the moment, but Henniges Automotive was involved most notably in technology for sealing and anti-vibration, which is clearly of interest to complex weapon systems like warships, main battle tanks, self-propelled artillery, and combat aircraft. Besides Hunter Biden’s involvement, the secretiveness of the CFIUS process, which Peter Schweizer calls out, is increasingly disquieting.]
Hunter Biden, Joe Biden’s second son, helped facilitate China’s acquisition of Henniges Automotive explained Peter Schweizer, president of the Government Accountability Institute and senior contributor at Breitbart News, in a Friday interview on SiriusXM’s Breitbart News Tonight with host Rebecca Mansour and special guest host Rick Manning.
He called the Senate Finance Committee’s decision to probe the Obama administration’s 2015 approval of the sale of Henniges Automotive as a “wonderful development.”
Schweizer examined China’s acquisition of Henniges Automotive — a formerly America-based company developing “dual-use” technologies with military applications — by Aviation Industry Corporation of China (AVIC), a Chinese state-run military contractor. AVIC acquired Henniges in 2015 with a 51 percent stake purchase. The remaining 49 percent was purchased by Bohai Harvest RST (BHR), a private equity firm founded by Hunter Biden and funded with $1.5 billion from the Chinese government via the Bank of China.
Trending: Cartoon of the Day: Biden Burnout