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.

  • Dessalines@lemmy.ml
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    2 hours ago

    What is it about any ideology that might make it immune to that?

    Marxism-Leninism is an explicitly anti-colonialist ideology that helped the PRC overturn the century of humiliation, defeat Japanese and US imperialism and feudalists, to win the greatest anti-colonial revolution of the 20th century.

    Only if you are entirely ignorant of that history can you claim that “the anti-colonial camp is just as bad as their colonizers”.