Chinese firm updates records to remove Hunter Biden from its board, but he still owns 10% of the company

BizPacReview:

The Chinese private equity firm BHR Partners updated its business records on April 20 to remove Hunter Biden as a member of its board of directors, but he continues to hold a 10% ownership stake in the company through his LLC, Chinese business records show.

Hunter Biden’s departure from BHR’s board was submitted to China’s National Credit Information Publicity System (NCIPS) more than six months after he pledged to relinquish his position with the firm “on or by October 31,” according to Qixinbao and Baidu, two independent services that provide registration information on Chinese corporations based on NCIPS filings.

The records also show that Hunter Biden continues to hold a 10% equity stake in BHR through his company, Skaneateles LLC, as of Friday, a position he maintains despite a pledge in December from his father, former Vice President Joe Biden, that none of his family members would “be engaged in any foreign business” if he is elected president in November.

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