Members of Kibbutz Hanita near Israel’s northern border are demanding $11 million from Ballet Vision, the Chinese fund that controls 80% of the Hanita Lenses plant, accusing it of refusing to exercise an option to purchase the kibbutz’s remaining shares, according to a lawsuit filed in Tel Aviv District Court.

In a response letter attached to the lawsuit, the Chinese fund said that since the outbreak of the war in Israel, Beijing has classified Israel as a “high-risk area” and imposed a ban on any new Chinese investments in the country, making it impossible to carry out the option.

According to the lawsuit, in 2021 the kibbutz sold 74% of Hanita Lenses, which manufactures intraocular lenses for medical use, to Ballet Vision for $35 million. Of that sum, $25 million was paid to kibbutz members, with an additional $10 million injected into the company.

  • QinShiHuangsShlong@lemmy.ml
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    6 hours ago

    More vibes based analysis from one so wise. Fighting the Nazis was good but fighting the order set up by the imperial power the Nazis modelled themselves after is bad. You are a privileged liberal who only cares about what directly affects you and don’t care about the rest of us. The global south is being exploited on a scale that would give Hitler wet dreams and your response to people supporting them fighting back is “you’re just as bad as the exploiters if you fight back”. It’s infantile and plainly ridiculous. Grow up. Do some reading, go visit the global south and talk to people and witness the exploitation you are inherently ok with as you condemn resistance.

    long history of military involvement

    Long history of imperial conquest but also fought the Nazis so all the rest of it is ok.

    imperialism

    You clearly don’t know what this word means.

    you and your friends get to decide who is right and who is wrong

    We don’t decide anything. It has already been decided when they supported genocide imperialism and colonialism. No one forced them to.