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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.

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[-] QinShiHuangsShlong@lemmy.ml 18 points 8 hours ago

Yes fighting on the side of the exploited against their exploiter is morally just in all instances. It's easy for you to talk shit from your cushy position in the imperial core. I hope you reflect in the future on the immense privilege you have thanks to the mass immiseration of the global south and do better.

this post was submitted on 03 Feb 2026
260 points (99.6% liked)

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