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.
Oh, really? When did we start doing that?
Whenever they started People’s Choice Awards
We briefly experimented with the idea during Reconstruction and then quickly got rid of it.
I’ve been thinking about how the Union appeased the slavers by paying them reparations, 3/5 compromise, 13th Amendment, not burning the South to the ground and salting the earth behind them. This wasn’t to regain unity but to continue brutal exploitation of whomever they could while having a tissue-thin veil of plausible deniability.