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2018-05-15 — scmp.com
A subsidiary of Chinese state-owned construction firm Metallurgical Corporation of China (MCC) signed a deal with Indonesia's MNC Land to build a theme park outside Jakarta as part of the ambitious project, the company said on Thursday... The project includes Trump-branded hotels, residences and a golf course, as well as other hotel, shopping and residential developments.
... marketing materials for MNC Lido City refer to the theme park and Trump properties as flagship elements of the development, and corporate filings and internal documents show the Trump Organisation and the president's sons have been directly involved in various stages of its planning. Negotiations on the Lido deal began before Trump's November 2016 election and subsequent pledge that his family business would not engage in new transactions with foreign governments during his presidency. Still, "even if this deal is completely and entirely above board, it simply furthers the perception of impropriety" surrounding Trump's business dealings, said Christopher Balding, an economics professor at Shenzhen's HSBC Business School. "Especially with the potential trade war, this is not a good look ... Critics will be entirely right to demand answers." source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |