A Texas real estate mogul from Lufkin reportedly sold a large amount of local farmland to a Chinese billionaire identified as Sun Guangxin, who has links to the Chinese Communist Party (CCP).
Realtors in the area told the Daily Mail that David Frankens made millions of dollars via the deal with Sun, who was previously a captain in the Chinese military, the outlet reported Sunday.
Sun apparently purchased over 130,000 acres of farmland in Val Verde County for about $110 million between 2016 and 2018, the article said, adding that a local landowner called the Texas man’s actions “treacherous.”
