Founders Group International not impacted by China stock market woes

The China-based company that has purchased 22 golf courses, related businesses and other property on the Grand Strand over the past year is not tied to a Chinese stock market that has recently suffered significant losses, according to one of its owners.

Nick Dou, a partner in the Chinese financial management and investment company Yiqian Funding and president of the subsidiary Founders Group International that has purchased the Strand courses, said Yiqian is a private company with private funding.

“It has nothing to do with the parent company,” Dou said. “It has not affected us. … Everything is okay for Myrtle Beach investments.”