Baishanlin director Chu Hongbo’s naturalization as a Guyanese citizen ensures that at least 50% of the shares of Bai Shan Lin Mining Development Company Limited are held by Guyanese.
This was disclosed by a source close to the matter who recently told the Sunday Stabroek that Bai Shan Lin Mining Development Company Limited has several shareholders including Guyanese and Chinese. However, until Hongbo attained Guyanese citizenship via naturalisation, the company was mainly held by Chinese. With Hongbo now a naturalized Guyanese citizen, the shares in the company are split 50/50 between Guyanese and Chinese.
Earlier this month, the Guyana Geology and Mines Commission (GGMC) had defended mining claims held by Hongbo and said that he had become a naturalized Guyanese citizen. The GGMC had also declared that at least 50% of shares of Bai Shan Lin Mining Development Company Limited are