Texas Mogul Is Branded 'Treacherous' Over 'Deal Of The Century' Which Saw Him Sell 130,000 Acres Of Farmland To Chinese Billionaire!

[Reagan]

From the article: "

A Texan real estate mogul allegedly made 'millions of dollars' by selling vast swathes of local farmland to a Chinese billionaire with close ties to Beijing.

David Frankens, from Lufkin, East Texas, scored the 'deals of the century' when flipping the land at around twice its market value to Sun Guangxin, a former captain in the Chinese military, local realtors told DailyMail.com.

The trades have sparked fury among ranchers in Val Verde County, where Sun bought more than 130,000 acres of farmland for an estimated $110million between 2016 and 2018.

A report written by former CIA officials, seen by DailyMail.com, suggested the Chinese billionaire could be considered a national security risk by US authorities due to his extensive links to the Chinese Communist Party (CCP)."

It's my understanding that china has been buying up land around US military installations and around airports.   Thoughts?!

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[Reagan]

Texas ranchers 'DEFEAT' Chinese billionaire who bought swathes of neighboring land to build huge wind farm - but could Beijing maintain backdoor access?  

From the article:  

"The fight for Val Verde County is being played out across the country.

Earlier this month, DailyMail.com revealed that Chinese-owned companies now own more than $2billion of US farmland, up from just $162million a decade ago.

It comes amid wider concerns over CCP infiltration into American society, which was thrown into sharp relief when a suspected Chinese spy balloon was shot down over the Atlantic coast.

The CCP has a stake in 383,935 acres of American agricultural land as of December 2021, according to the latest figures released by the US Department of Agriculture.

But an astonishing 34 percent of that is owned by Sun, 61, who has an estimated net worth of $2.9billion, thanks largely to his controlling stake in Guanghui Group, an energy, automotive and real estate firm based in his home province of Xinjiang.

Through Brazos Highlands and another group subsidiary, Harvest Texas LLC, Sun controls nearly 7 percent of all land in Val Verde County."  He controls this much because he loves Texas soooo much?!  

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[5GallonBucket]

IMO you should have to be a citizen to own land