Latest news with #FufengGroup
New York Post
3 days ago
- Business
- New York Post
New Senate bill fixes flaws in fed's system to block Chinese land purchases near military bases
Three years ago, the Chinese took advantage of a defect in US protocols to block land purchases near American military bases and almost acquired terrain near Grand Forks Air Force Base in North Dakota. Now, Senate Banking Committee Republicans are championing a new bill titled the 'Protect Our Bases Act,' which is intended to patch up that protocol glitch to ensure the Chinese can't acquire land near sensitive US installations. 'The Chinese Communist Party's efforts to infiltrate and surveil all parts of the U.S national security apparatus requires vigilance from our national security agencies,' Chairman Tim Scott (R-SC), who is introducing the bill, told The Post. 'This legislation will enhance the review of foreign real estate transactions near critical national security installations, helping ensure CFIUS has the information it needs to protect our homeland and keep our nation safe.' It's being co-sponsored by Sens. Mike Crapo (R-Idaho), Mike Rounds (R-SD), Thom Tillis (R-NC), John Kennedy (R-La.), Bill Hagerty (R-Tenn.), Katie Britt (R-Ala.), Pete Ricketts (R-Neb.), Jim Banks (R-Ind.), Kevin Cramer (R-ND), and Bernie Moreno (R-Ohio). 3 Sen. Tim Scott warned about the threat that Chinese land purchases near US military bases pose to national security. Ron Sachs – CNP for NY Post 3 The attempted land purchase near Grand Forks Air Force Base in 2022 rattled US security experts. Bloomberg via Getty Images The bill comes weeks after Ukraine's Operation Spider's Web, in which Kyiv is said to have deployed some 117 drones in bases deep within Russian territory and detonated on dozens of aircraft, destroying at least 20 of them. That breakthrough military operation sent alarm bells to militaries around the world over the potential vulnerabilities that bases have to drone strikes. China is widely seen as the global leader in drone production. While the US has existing procedures intended to block Chinese land purchases near critical military outposts, a flaw in the system was nearly exploited in 2022. Back in 2022, Chinese company Fufeng Group, a company that produces sugars, fertilizers and more, attempted to acquire land near Grand Forks Air Force Base in North Dakota. Typically, the Committee on Foreign Investment in the United States (CFIUS) is tasked with investigating foreign transactions in the US and making recommendations on which ones to block. However, at the time, CFIUS concluded that it couldn't review Fufeng Group's attempted purchase because the Department of Defense didn't list the base as a critical site for national security purposes. Ultimately, the City of Grand Forks blocked the purchase, but national security buffs believe it exposed a weakness in US protocols for blocking Chinese land purchases. 3 National security experts have long raised concerns about Chinese land purchases near US military bases. KAZAKHSTAN'S PRESIDENTIAL PRESS SERVICE/AFP via Getty Images The Protect Our Bases Act seeks to address that by requiring agencies in CFIUS to annually update their data on military facilities that need to be designated as sensitive sites and submit annual reports to Congress about its real estate lists. The measure is also intended to make critical records more attainable for CFIUS to use for national security reviews.
Yahoo
03-06-2025
- Politics
- Yahoo
After Ukraine's surprise drone assault on Russia, new attention drawn to sensitive sites stateside
After Ukraine launched a sudden drone assault on Russian installations, it brought new attention to the U.S.' own vulnerabilities, regardless of which side the U.S. stood on Kyiv's attack. In recent years, Chinese Communist Party-linked entities have commercially targeted land around the U.S., including in the vicinity of sensitive installations like the Grand Forks Air Force Base in North Dakota. The Fufeng Group's 300-acre farmland purchase in 2021 first raised the collective antennae of Congress to such under-the-radar transactions – and even Florida Gov. Ron DeSantis swiftly banned them in his state as a result, among other efforts around the country. On Tuesday, North Dakota's senators agreed that the U.S. must remain vigilant for any malign activity, whether it be from relatively novel drone assaults to potential espionage through real estate transactions. Ukraine's Surprise Attack Shows It May Take A 'Major Drone Strike' To Change Us Defense Policy, Experts Say "When adversaries can buy our land, attend our universities, photograph silos in our prairies, perform aerial surveillance, park their ships near our military bases, or even just join our PTAs, they have more opportunities to be nefarious," Republican Sen. Kevin Cramer told Fox News Digital. Read On The Fox News App "Our posture must always be vigilant, never assuming foreign actors are benign or have the best intentions," he said. "Whether it's directly spying, indirectly influencing, or sending drones to blow up aircraft, the ability of the enemy increases when we allow them easy access near our national interests." Cramer's Flickertail State counterpart, Sen. John Hoeven, joined an effort to prevent such land-buys and has worked with federal partners to update the process in which foreign investment is analyzed for approval and decided upon. "We need to remain vigilant against China and other adversaries," said Hoeven, who is co-sponsoring South Dakota Sen. Mike Rounds' bill banning individuals and entities controlled by China, Russia, Iran and North Korea from purchasing farmland or commercial land near sensitive federal sites. China's Us Influence Could Face Crackdown Under Slate Of New Bills "At the same time, we're working to update the CFIUS process [which governs federal approval of foreign investments] to ensure proper reviews are taking place as well," Hoeven said. "We also are working to develop the technology we need to protect our domestic military bases from potential drone threats." Rounds' bill also has bipartisan support, including from Sen. Catherine Cortez-Masto, D-Nev., whose state also hosts sensitive government sites like Nellis Air Force Base and Area 51. "It is common sense that we should not allow our foreign adversaries to buy agricultural land next to these locations," Masto said in a statement. Rounds added in a statement that America's "near-peer adversaries… are looking for any possible opportunity to surveil our nation's capabilities and resources." Even private-sector entities have expressed concern, including the South Dakota Soybean Association, which said farmland must be protected from foreign purchase for both agricultural and national security article source: After Ukraine's surprise drone assault on Russia, new attention drawn to sensitive sites stateside
Fox News
03-06-2025
- Business
- Fox News
After Ukraine's surprise drone assault on Russia, new attention drawn to sensitive sites stateside
After Ukraine launched a sudden drone assault on Russian installations, it brought new attention to the U.S.' own vulnerabilities, regardless of which side the U.S. stood on Kyiv's attack. In recent years, Chinese Communist Party-linked entities have commercially targeted land around the U.S., including in the vicinity of sensitive installations like the Grand Forks Air Force Base in North Dakota. The Fufeng Group's 300-acre farmland purchase in 2021 first raised the collective antennae of Congress to such under-the-radar transactions – and even Florida Gov. Ron DeSantis swiftly banned them in his state as a result, among other efforts around the country. On Tuesday, North Dakota's senators agreed that the U.S. must remain vigilant for any malign activity, whether it be from relatively novel drone assaults to potential espionage through real estate transactions. "When adversaries can buy our land, attend our universities, photograph silos in our prairies, perform aerial surveillance, park their ships near our military bases, or even just join our PTAs, they have more opportunities to be nefarious," Republican Sen. Kevin Cramer told Fox News Digital. "Our posture must always be vigilant, never assuming foreign actors are benign or have the best intentions," he said. "Whether it's directly spying, indirectly influencing, or sending drones to blow up aircraft, the ability of the enemy increases when we allow them easy access near our national interests." Cramer's Flickertail State counterpart, Sen. John Hoeven, joined an effort to prevent such land-buys and has worked with federal partners to update the process in which foreign investment is analyzed for approval and decided upon. "We need to remain vigilant against China and other adversaries," said Hoeven, who is co-sponsoring South Dakota Sen. Mike Rounds' bill banning individuals and entities controlled by China, Russia, Iran and North Korea from purchasing farmland or commercial land near sensitive federal sites. "At the same time, we're working to update the CFIUS process [which governs federal approval of foreign investments] to ensure proper reviews are taking place as well," Hoeven said. "We also are working to develop the technology we need to protect our domestic military bases from potential drone threats." Rounds' bill also has bipartisan support, including from Sen. Catherine Cortez-Masto, D-Nev., whose state also hosts sensitive government sites like Nellis Air Force Base and Area 51. "It is common sense that we should not allow our foreign adversaries to buy agricultural land next to these locations," Masto said in a statement. Rounds added in a statement that America's "near-peer adversaries… are looking for any possible opportunity to surveil our nation's capabilities and resources." Even private-sector entities have expressed concern, including the South Dakota Soybean Association, which said farmland must be protected from foreign purchase for both agricultural and national security purposes.
Yahoo
11-03-2025
- Business
- Yahoo
Asian Dividend Stocks To Enhance Your Portfolio
As global markets grapple with trade policy uncertainties and inflation concerns, Asian markets have shown resilience, with China's recent economic targets and stimulus signals providing a boost to investor sentiment. In this environment, dividend stocks in Asia can offer a stable income stream and potential portfolio enhancement by focusing on companies with strong fundamentals and consistent payout histories. Name Dividend Yield Dividend Rating Chongqing Rural Commercial Bank (SEHK:3618) 8.49% ★★★★★★ CAC Holdings (TSE:4725) 5.04% ★★★★★★ Tsubakimoto Chain (TSE:6371) 4.13% ★★★★★★ Daito Trust ConstructionLtd (TSE:1878) 4.09% ★★★★★★ Intelligent Wave (TSE:4847) 3.85% ★★★★★★ Nihon Parkerizing (TSE:4095) 3.79% ★★★★★★ GakkyushaLtd (TSE:9769) 4.35% ★★★★★★ Guangxi LiuYao Group (SHSE:603368) 3.34% ★★★★★★ HUAYU Automotive Systems (SHSE:600741) 4.23% ★★★★★★ Yamato Kogyo (TSE:5444) 3.83% ★★★★★★ Click here to see the full list of 1137 stocks from our Top Asian Dividend Stocks screener. Let's review some notable picks from our screened stocks. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Fufeng Group Limited is an investment holding company that manufactures and sells fermentation-based food additives, as well as biochemical and starch-based products, operating both in the People's Republic of China and internationally, with a market cap of HK$14.54 billion. Operations: Fufeng Group Limited generates revenue from various segments, including CN¥13.85 billion from Food Additives, CN¥9 billion from Animal Nutrition, CN¥2.22 billion from High-End Amino Acid, and CN¥2.09 billion from Colloid products. Dividend Yield: 6.4% Fufeng Group's dividend strategy presents a mixed outlook. While dividends are well-covered by earnings with a payout ratio of 33%, the cash payout ratio of 78.2% suggests less robust coverage. Dividend payments have been volatile over the past decade, indicating unreliability. Despite trading at good value, with shares priced 23.5% below estimated fair value, its dividend yield of 6.38% is lower than top-tier payers in Hong Kong, and historical volatility raises concerns about sustainability. Get an in-depth perspective on Fufeng Group's performance by reading our dividend report here. Our valuation report unveils the possibility Fufeng Group's shares may be trading at a discount. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: LBX Pharmacy Chain Joint Stock Company operates a pharmacy store chain in China with a market cap of CN¥13.13 billion. Operations: LBX Pharmacy Chain Joint Stock Company generates revenue through its pharmacy store chain operations in China. Dividend Yield: 3.8% LBX Pharmacy Chain's dividend payments are well-supported by cash flows, with a low cash payout ratio of 27.1%, and earnings coverage at 75.3%. Despite this solid backing, its dividend history is less stable, having been paid for only nine years with volatility in annual payments. Trading significantly below its estimated fair value enhances its appeal, yet the inconsistent dividend track record may concern some investors despite a yield in the top 25% of China's market. Click here to discover the nuances of LBX Pharmacy Chain with our detailed analytical dividend report. According our valuation report, there's an indication that LBX Pharmacy Chain's share price might be on the cheaper side. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Nice Corporation imports, distributes, and sells building materials for housing both in Japan and internationally, with a market cap of ¥19.27 billion. Operations: Nice Corporation generates revenue primarily from its Building Materials segment, which accounts for ¥179.61 billion, followed by the Housing segment at ¥50.83 billion. Dividend Yield: 4% Nice Corporation's dividend yield is among the top 25% in Japan, yet its payments have been volatile over the past decade. Despite a reasonable payout ratio of 52.2%, dividends are not supported by free cash flows, raising sustainability concerns. Recent guidance forecasts net sales of ¥238 billion and profit attributable to owners at ¥3.2 billion for FY2025, but lower profit margins and large one-off items impact financial results, affecting dividend reliability. Click here and access our complete dividend analysis report to understand the dynamics of Nice. The valuation report we've compiled suggests that Nice's current price could be inflated. Embark on your investment journey to our 1137 Top Asian Dividend Stocks selection here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:546 SHSE:603883 and TSE:8089. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
