Surprise! Shady Communist China Firm Financially Involved in Biden’s Luxury Camp for Illegal Alien Children in North Carolina; Chinese Took Over School’s Board in 2019
https://www.thegatewaypundit.com/2022/07/surprise-shady-communist-china-firm-financially-involved-bidens-luxury-camp-illegal-alien-children-north-carolina-chinese-took-schools-board-2019/The 100 acre, $84 million luxury campus of the American Hebrew Academy in Greensboro, North Carolina, site of the Biden administration’s five-year lease for a new camp for illegal alien migrant children, is being backed by a communist Chinese company, Puxin Limited, that loaned the school $26 million dollars in 2019 and continues to be a lender to this day. Top ranking academy board members were replaced by Chinese figures after the 2019 loan, according to reports. Two months ago the New York Stock Exchange suspended trading in Puxin and moved to delist the firm.
A September 19, 2019 press release by Puxin Limited announced the loan.
BEIJING, Sept. 19, 2019 /PRNewswire/ — Puxin Limited (NYSE: NEW) (“Puxin” or the “Company”), a successful consolidator of the after-school education industry in China, today announced that it has entered into a loan agreement, deed of trust note and other ancillary documents with American Hebrew Academy, Inc. (“AHA”), a North Carolina non-for-profit corporation, pursuant to which Puxin extended a loan in a principal amount of US$26 million to AHA to fund its operations of an international college prep boarding school in North Carolina, the United States. The loan bears an interest rate of 18.0% per annum and becomes due on September 6, 2020. The loan is secured by AHA’s interest in certain real property located in North Carolina.
About Puxin Limited
Puxin Limited (“Puxin” or the “Company”) is a successful consolidator of the after-school education industry in China. Puxin has a strong acquisition and integration expertise to effectively improve education quality and operational performance of acquired schools. Puxin offers a full spectrum of K-12 and study-abroad tutoring programs designed to help students achieve academic excellence, as well as prepare for admission tests and applications for top schools, universities and graduate programs in China and other countries. The Company has developed a business model effectively combining strategic acquisitions and organic growth achieved through successful post-acquisition integration, which has differentiated the Company from other after-school education service providers in China. For more information, please visit
http://www.pxjy.com/.
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