BREAKING NEWS

Kushner Cos says to skip China marketing push this weekend

By REUTERS

MAY 12, 2017 05:18

The company owned by the family of senior White House aide Jared Kushner will skip roadshow events in China this weekend seeking money from local investors for a real estate project in exchange for a shot at US immigrant visas, a company spokesman said.

Nicole Kushner Meyer, Jared's sister, appeared at marketing events last weekend in Beijing and Shanghai in an effort to raise $150 million from Chinese investors through the controversial EB-5 visa-for-investment programme.

According to marketing materials from one of the organisers of the roadshow, sales events for the project are scheduled in the southern cities of Shenzhen on Saturday and Guangzhou on Sunday.

"No one from Kushner Companies will be in China this weekend," James Yolles, spokesman for the firm, said.

The company and KABR Group are raising money for a two-tower apartment complex in New Jersey called One Journal Square, marketing materials showed.

Kushner Companies earlier this week apologized for Meyer having mentioned Jared Kushner, US President Donald Trump's son-in-law, in discussing the project. The company said Meyer had done so only in an attempt to make clear that her brother was not involved.

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