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.
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.