Connect with us

Hi, what are you looking for?

Business

Marco Rubio Wants CFIUS Review of the Acquisition of GNC by Harbin Pharmaceutical Group

“GNC lists among its retail operations numerous locations in and in the immediate area of U.S. military facilities, including in my home state of Florida. These installations have been the target of a variety of Chinese espionage activities. In the event of a GNC acquisition by HPGC, Chinese authorities and intelligence officials could leverage GNC military sites to gain access to those restricted locations.”

Share Story Via Text or E-Mail

Last week, U.S. Sen. Marco Rubio, R-Fla., sent a letter to U.S. Treasury Sec. Steven Mnuchin to request a full review by the Committee on Foreign Investment in the United States (CFIUS) of the potential acquisition of GNC Holdings Inc. by Harbin Pharmaceutical Group Co., a Chinese pharmaceutical company.

The full text of the letter is below.

Dear Secretary Mnuchin:

I write to express concern regarding the potential acquisition of GNC Holdings Inc. (GNC) by Harbin Pharmaceutical Group Co., Ltd. (HPGC), a Chinese pharmaceutical company that describes itself as a “state-controlled Sino-foreign equity joint venture.” The ownership of an American health and nutrition company, with sensitive data on millions of customers and retail locations on and around military installations across the U.S., by a Chinese state-directed entity poses serious risks to U.S. national security. I therefore request a full review of this transaction by the Committee on Foreign Investment in the United States (CFIUS).

The Chinese government engages in persistent efforts to obtain a broad range of sensitive American personal data through illicit means such as state-sponsored theft from government agencies and private companies. The acquisition of a major health and nutrition chain with over 5,200 retail stores in the United States and an expansive customer base presents the opportunity for state-directed actors to purchase this information legally. Efforts to obtain personal and sensitive data related to health information and financial transactions of U.S. persons must be reviewed with an understanding of the malign foreign policy and intelligence aims of the Chinese government and Communist Party. The risk of espionage risk is further illustrated by information found on the official HPGC website that indicates the conglomerate has worked with the People’s Liberation Army under the auspices of the Communist Party’s military-civil fusion strategy.

GNC lists among its retail operations numerous locations in and in the immediate area of U.S. military facilities, including in my home state of Florida. These installations have been the target of a variety of Chinese espionage activities. In the event of a GNC acquisition by HPGC, Chinese authorities and intelligence officials could leverage GNC military sites to gain access to those restricted locations.

I appreciate your attention to this matter and look forward to your response.

 

Author

  • Florida Daily

    Florida Daily offers news, insights and analysis as we cover the most important issues in the state, from education, to business and politics.

    View all posts
Share Story Via Text or E-Mail
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow our Facebook Page

Follow us on X, Insta, Linkedin
<

Related Stories

Florida Politics

Getting your Trinity Audio player ready... In response to former President Donald Trump being found guilty on all 34 counts during his hush money...

Immigration

With the 2024 Presidential Election less than six months away, a recent poll shows that most Americans (52%) prefer a candidate who supports mass...

Senator Rick Scott

Florida Senator Rick Scott was joined by fellow Florida Republican Senator Marco Rubio and Alaska’s Senators Lisa Murkowski (R), and Dan Sullivan (R), to...

Healthcare

The Veterans Affairs Community Care Program (VCCP) provides health care for veterans in need outside of VA facilities. A recent report exposed flaws in the Veterans...