Prince, brother of Education Secretary Betsy DeVos, has made no secret about his ambitions in China. But since he became chairman of Frontier Services Group in Hong Kong five years ago, CITIC, his mainland benefactor, has slowly cemented its grip on the firm. Prince stepped down as FSG Chairman in December to make way for a new boss from the conglomerate, which has amassed a bigger stake than Prince’s 9 percent.
International Attention
Now FSG has drawn international attention for a signing ceremony to build a training center in far western China, where the Chinese government has detained as many as a million Uighur Muslims in political camps. The statement, made in Chinese, was subsequently removed from the firm’s website. Prince distanced himself from the region in a statement to Bloomberg.
Reply With Quote
Bookmarks