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.
I didn’t, which is why I don’t see why I should care.
Uh yeah, and you think that China is superior and the rest of the world is full of failed humans and failed states. There is no good faith here. Why do you care to defend yourself or convince others?
We’re talking past each other, as I’ve said to many others on this topic. I’m willing to acknowledge all kinds of great things about China, including the decision in this article, but I’m fairly certain there is no reciprocity and in fact I’m sure you cover your eyes to many of China’s failings.
But I don’t need to impress you, I’ve got a great life, a good family and a job that makes me happy. Try as you might, you just don’t matter to me, which is why I said we should both just move on.
You have read nothing I wrote. You twisted to talking about China and Canada when that was never the topic. You are either a complete fool or have been arguing in bad faith from the beginning (most likely a bit from a and a bit from b) I hope you reflect and better yourself in the future.