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Yunfu MingLiang fined for gun-jumping in China

( January 16, 2025, 02:17 GMT | Official Statement) -- MLex Summary: Yunfu MingLiang Street Lamp Management, a public facilities company in China's Guangdong Province, was fined 1.75 million yuan ($239,000) for gun-jumping on a merger. According to the penalty decision issued by the State Administration for Market Regulation, the company applied to acquire Yunfu Hengtaifeng Industry on Dec. 14, 2023, but finalized the equity transfer during the public notice period, violating the Antimonopoly Law. The regulator launched a probe in June 2024 and concluded that the transaction did not have anticompetitive effects.The statement follows and the penalty decision is attached:...

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