Chinese State Firm's Control of Yacht Builder Raises Security Concerns in Florida
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Investigative journalist Laura Loomer has raised concerns about a Chinese state-owned company, with historical ties to the People's Liberation Army, gaining substantial control of one of the world's largest luxury yacht builders, the Ferretti Group. The company's property in Florida is located near critical infrastructure, including a U.S. Coast Guard station, sparking an investigation by Florida's Attorney General. The Ferretti Group's largest shareholder is Weichai Group, which is owned by the Shandong provincial government's state-asset commission, effectively controlled by the Chinese Communist Party (CCP). Modern yachts constantly log and transmit engine data and GPS positions, raising potential security concerns.
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