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House Speaker Nancy Pelosi’s son, who quietly accompanied his mother on last week’s controversial trip to Taiwan, which China called out for threatening moves on the self-ruled island, also owns a stake in a Chinese technology company, according to reports. Thursday.
Paul Pelosi Jr., who received $700,000 in compensation for his services, became the second-largest investor behind CEO Pat Sek Yuen Chan when other company insiders sold their shares in June 2021. Citing Securities and Exchange Commission filings, the Daily Mail reported.
In the year As of March 2022, Pelosi Jr. still owns about 147,000 shares — or 0.07% — of the outstanding shares.
According to the report, Pelosi Jr., 53, also worked in a consulting role at the company, which has a market value of $22 million. .
He traveled with his mother as she led a Democratic congressional delegation to Asia that included stops in South Korea, Singapore, Malaysia, Japan and Taiwan, but his name was not included on the official list of officials on the trip released by the Speaker. Office.
While in Taiwan, Pelosi (D-Calif.), a long-time critic of China’s human rights abuses, expressed America’s “commitment to support Taiwan’s vibrant democracy.”
As the world faces a choice between democracy and democracy, America’s cooperation with Taiwan’s more than 23 million people is more important than ever, she said in a statement.
China in 2010
Beijing announced sanctions against Pelosi and said it would cancel or suspend talks with the US on climate change, military ties and anti-drug efforts.
China believes self-ruled Taiwan is part of its sovereign territory and has threatened to reunify the country — by force if necessary.
A spokeswoman for the speaker said her son was the 10 largest shareholder and now owns about 43,000 shares.
“As a decades-old policy, spouses and adult children are allowed to travel on congressional missions for delegation,” the spokesman said.
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