China News Finance, January 5th. On the 5th, the State Administration of Market Supervision announced 13 administrative punishment decisions for failure to declare the illegal implementation of the concentration of undertakings in accordance with the law. Upon investigation, the above-mentioned cases violated the twentieth "Anti-Monopoly Law of the People's Republic of China". One, which constitutes the failure to declare the illegal implementation of the concentration of undertakings in accordance with the law, and the assessment considers that it does not have the effect of eliminating or restricting competition.
The screenshot is from the official website of the Anti-Monopoly Bureau of the State Administration for Market Regulation.
Recently, the State Administration of Market Supervision made administrative penalty decisions in accordance with Articles 48 and 49 of the "Anti-Monopoly Law of the People's Republic of China", imposing a fine of 500,000 yuan on the enterprises involved in the case.
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