The $67,000,000 Chinese mystery in New Hampshire

Yahoo

12-06-2025

(NewsNation) — When a billionaire Chinese businessman and his company quietly purchased a commercial building in Nashua, New Hampshire, to ostensibly set up a water plant, the deal went largely unnoticed. That changed when the purchase price was publicly revealed.
The company, Nongfu Spring, is China's largest beverage company. The site is next to the Pennichuck water system and allows the company to use local water for a beverage plant. What's raising eyebrows is the mystery of why the company paid $67 million in cash for a property valued at $15 million.
'Being tied into our Pennichuck water system and taking millions of gallons a day of drinking water from the citizens of Nashua is very concerning,' local resident Bob Lozeau told NewsNation. He says most folks in Nashua didn't know about the sale before it happened.
State Senator Kevin Avard, a Republican whose district includes part of Nashua, shared his concerns.
'You have the airport here. You have our water supply they are looking to capture,' he told NewsNation.
Chinese-owned farmland in the US raises worries of drone attacks at military bases
The building spans 337,000 square feet and is situated on 23 acres. It's close to the Nashua Airport, several defense centers and a Federal Aviation Administration control center.
Lily Tang Williams fled communism in China and is now running for Congress in New Hampshire as a Republican.
'I did research in English and Mandarin, which is my first language, and I was just shocked,' Williams told NewsNation's Brian Entin.
'I have been trying to warn people,' she says. 'Xi Jinping has a China dream, and his China dream is to use a soft power invasion. Business. Education. Apps like TikTok and WeChat. Media. Entertainment. Everything they can, without firing one shot, to expand into western countries like the United States.'
She says China doesn't want her to discuss what she calls the 'soft power invasion' and the national security concerns associated with projects like the Nongfu Spring plant.
We asked her what would happen if she spoke out about it in China.
'I would disappear. I'm afraid if I go back, and I go in, they won't let me go out. I would disappear. They want me to shut up,' she told us.
The Nongfu Spring expansion in Nashua isn't the only Chinese investment. A few miles away, a Chinese investor purchased the former campus of what was Daniel Webster College. The 50-acre site was sold for $14 million about seven years ago, but it is mostly abandoned today. The mayor of Nashua, Jim Donchess, says the investor paid double what the property was worth.
Behind California's underground baby industry bringing Chinese women to the US
We asked him why Nongfu Spring would pay more than four times the assessed value for the property by the water plant.
'It's very weird. Why they would do that, I have no idea,' he said.
The mayor says he's not against the project, and he doesn't believe there are any national security concerns. The city owns the Pennichuck Corporation water system itself, and the mayor says the city would never consider selling the water company.
But he, like everyone else in Nashua, is still wondering why Nongfu Spring paid so much for the property. 'It's very puzzling as to why that would happen,' he said.
Nongfu Spring has not yet responded to NewsNation requests for comment. We will update this story if they do.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.