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- “I mean, it’s nice to be able to protect two things at once,” responded senator Campbell to a question about whether environmental concerns—the initial impetus for the anti-GH America campaign—might ultimately go unheeded, regardless of Sun’s fate as a Texas landowner. “But private property, you know, Texans buying Texas, and doing what they want on their own land—that’s at the heart of Texas.” - Source: Internet
- The bill, which became law on June 18, was not just precautionary—it was a direct response to one Chinese billionaire and his plans to build a wind farm in southwest Texas, according to its author, state senator Donna Campbell. Since 2016, a company owned by Xinjiang-based real estate tycoon Sun Guangxin had spent an estimated $110 million buying up land in Texas’ Val Verde County. Located on the Mexico border, Val Verde is home to about 50,000 people, the small town of Del Rio, family-owned hunting ranches—and Laughlin Air Force Base, a training ground for military pilots. In less than two years Sun bought up roughly 140,000 acres in the county through subsidiaries he controls. He set aside 15,000 acres of that land for his company GH America Energy LLC to oversee the construction of a wind farm that could feed into Texas’ electricity grid, the Electric Reliability Council of Texas (ERCOT). - Source: Internet
- Frankens told Forbes that his first deal with GH America came by accident. He and business partners sold a piece of real estate, Sun’s hunting and vacation property, through a broker, not realizing who the buyer was until they received the contract at the time of the deal (a source familiar with the transaction confirmed this account). Frankens did not comment on the subsequent deals and also declined to comment about how much money he made selling land to GH America, citing a non-disclosure agreement. - Source: Internet
- The Lone Star Infrastructure Act may be law in Texas now, but Sun hasn’t given up yet. Despite the political firestorm, he intends not only to keep GH America’s land, but to lease it to other companies to build and operate solar panels and the Blue Hills Wind Development, according to a GH America spokesman. A savvy dealmaker with decades of experience, Sun may yet expand his U.S. footprint. - Source: Internet
- Sun incorporated GH America Investments Group in the United States in 2015. Under the GH umbrella are subsidiaries like GH PacVest, which owns commercial real estate in California; GHA Barnett, the owner of 41 wells producing natural gas in Texas’ Barnett Shale; and Brazos Highland Properties LP, the entity Sun used to acquire land in Val Verde County, including a ranch where he likes to vacation and go hunting—his first purchase in the area—according to GH America’s spokesman. Through Brazos and another subsidiary, Harvest Texas LLC, Sun controls nearly 7% of all land in Val Verde County. - Source: Internet
- That intermediary was David Frankens, a businessman from Lufkin, a rough-and-tumble town in the east part of Texas, closer to Louisiana than Houston or Dallas and eight hours by car to Val Verde County. Land deeds show that Frankens bought properties from existing landholders and then sold them to Sun’s subsidiary on the same day. A former Val Verde County property owner who sold land to Frankens (and asked to remain anonymous) says that Frankens approached his company about buying a property that was not for sale, offering to pay an estimated 10% above market rate and allowing the landowner to retain below-surface mineral rights. The deal was too sweet to refuse, says the individual, who added that Frankens did not tell them he would flip the property to GH America. - Source: Internet
- A map of Australia that purports to show the proportion of land owned by China has been shared thousands of times in multiple posts on Facebook and Twitter. The posts claim that there are only a “few farms and public utilities still left” in Australia, as the government has sold significant portions of land to China. The claim is false; China only held 2.3 percent of agricultural land in Australia according to the Australian government’s most recent records; just 13.4 percent of Australia’s agricultural land had “a level of foreign interest” in 2017-18 and 80 percent of this was on a leasehold basis, ruling out complete ownership. - Source: Internet
- The report lists the United Kingdom as the largest foreign agricultural land holder in Australia, with 2.6 percent; followed by China with 2.3 percent; and the United States with 0.7 percent. - Source: Internet
- Initially, Sun’s acquisitions in Val Verde County went unnoticed. But in late 2017, property owners became incensed when Akuo Energy, a French wind turbine developer, built the Rocksprings wind farm on the eastern edge of the county. (Akuo, which pays royalties to GH America for turbines on its land, declined to comment). Conservationists, led by a local advocacy group called the Devils River Conservancy, were also worried: The turbines of Rocksprings drilled into the aquifer of the Devils River—a pristine waterway treasured by Val Verde County locals—potentially threatening the river’s ecosystem, which includes a number of endangered species. When the Conservancy learned of GH America’s plans to build a second wind farm in the county, it launched a pressure campaign, entitled “Don’t Blow it, Texas,” to prevent construction. - Source: Internet
- “The question we get a lot is, how in the world would anybody in Texas sell to [the] Chinese?” says Randy Nunns, a local landowner and the former president of the Devils River Conservancy. “Well, they had an intermediary, this guy who’s not from the area. He was just making a buck. He’s become quite the wheeler dealer.” - Source: Internet
- “These wind farms affect our training routes and pose a severe risk to our national security,” said Senator Cruz in a statement provided to Forbes. “The Chinese Communist Party has demonstrated time and again they’re willing to invest billions of dollars to expand their espionage capabilities and their global reach, including through land purchase schemes near military bases.” - Source: Internet
- Sun could also be attempting to recoup money on his investment. According to several local real estate brokers and individuals with knowledge of the acquisitions, Sun’s company GH America paid far above market value for its 140,000 acres of Val Verde County land, shelling out an estimated $110 million. (Due to a non-disclosure law in Texas, the price of land transactions does not have to be made public.) - Source: Internet
- It saw China come in at fifth position on the list of top 10 nations for ownership of Australian farmland, with 1.5 million hectares or 2.8 per cent of the overall total of foreign owned farmland in Australia. - Source: Internet
- You must lodge a vacancy fee return even if you do not receive a reminder from us. If you have not registered your property on the land and water register and haven’t received your vacancy fee reminder, submit a land and water registration form. It does not cost you anything. - Source: Internet
- After leaving the army in the late 1980s, Sun opened the first fresh seafood restaurant in Ürümqi, the capital of China’s northwestern Xinjiang province. The eatery was a novelty in the landlocked city—and it gave Sun a venue to hobnob with businessmen and party officials. He reportedly then opened other novel attractions in Ürümqi: The city’s first karaoke bar, disco and bowling alley. In 1989, he incorporated Xinjiang Guanghui Industry Investment Group (Guanghui), whose first major venture was importing oil drilling equipment from the collapsing Soviet Union and selling it to state-owned Chinese firms. By 1994, Guanghui was selling construction materials and developing real estate. - Source: Internet
- A spokesperson for Texas state senator Donna Campbell, author of the Lone Star Infrastructure Protection Act, told Forbes that senator Campbell believes her bill will prevent GH America from engaging in new land-lease arrangements—like the one it currently enjoys with Akuo’s Rocksprings wind farm—in what would be a crushing blow for Blue Hills Wind Development and Sun’s future business plans. “I mean, CFIUS and the Department of Defense, they need to watch what they’re approving,” Campbell says. “There needs to be an in-depth look at what really these foreign countries are wanting to do.” Texas Attorney General Ken Paxton did not respond to multiple requests for comment on how his office plans to enforce the new law. - Source: Internet
- Another possibility remains on the table: The federal government compels Sun to sell all of his land in Val Verde County. A 2018 law gives CFIUS additional power over real estate transactions, and the committee’s approval to GH America remains conditional. If it changes its mind, CFIUS could force Sun to unwind some, or all, of his approximately 140,000 acres, similar to how it has compelled Chinese divestments in U.S. technology firms. - Source: Internet
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