Chinese billionaire buys New Hampshire land near water supply, $67M paid in secret deal at 4X assessed value

China’s Richest Man Buying Water Supply of New Hampshire Town Sparks Alarm

China’s largest beverage company, Nongfu Spring, has bought a site in Nashua, New Hampshire, next to the Pennichuck water system.

The firm, owned by China’s richest man, Zhong Shanshan, will have access to the local water for its plant, NewsNation reported last month.

This has caused alarm among locals and politicians, who say most people in Nashua are unaware of the sale.

The news comes at a time of growing concern and pushback in the United States over purchases of land and infrastructure by buyers from China, America’s main strategic rival.

https://www.newsweek.com/new-hampshire-china-water-supply-nongfu-spring-zhong-shanshan-2099705