261

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.

you are viewing a single comment's thread
view the rest of the comments
[-] Cowbee@lemmy.ml 13 points 7 hours ago

Are you saying the PRC isn't socialist because it trades with other countries? Or are you equating trade with the sheer plunder committed by the west towards the global south?

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

World News

39162 readers
551 users here now

News from around the world!

Rules:

founded 6 years ago
MODERATORS