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'The Chinese government bans all new investment in Israel' (www.ynetnews.com)
submitted 6 months ago by to c/worldnews@lemmy.ml
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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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[–] 9 points 6 months ago

If you had actually maintained a sense of honesty when reading and replying to the original comments, then it likely wouldn't have spiraled into this. I can empathize with you feeling attacked, but from the onset you weren't interested in good-faith discussion based on how you read my comment and refused to accept any clarification.

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