( April 30, 2026, 03:21 GMT | Official Statement) -- MLex Summary: Shanghai Benhui Enterprise Management, a China-based real-estate developer and investment consultancy, was fined 2 million yuan ($290,000) by China’s State Administration for Market Regulation in a decision published Wednesday for implementing a reportable acquisition before antitrust clearance. The case concerns Shanghai Benhui’s 2023 purchase of a 49 percent stake in residential developer Suzhou Huajing Chuangsheng Property. The regulator found the deal met filing thresholds and, although the company submitted a filing, it completed the transaction before receiving clearance, breaching China’s Antimonopoly Law. The authority reduced the fine within the statutory range, citing the company’s cooperation with the investigation and the absence of any effect excluding or restricting competition.Statement follows and the penalty decision is attached (in Chinese)....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.