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​Mofcom fines Tsinghua Unigroup for failure to notify purchase of RDA Microelectronics

( December 9, 2014, 04:57 GMT | Official Statement) -- MLex Summary:  China’s Ministry of Commerce, in an order dated Dec. 2, fined Tsinghua Unigroup 300,000 yuan ($48,000) for failure to notify the regulator of its acquisition of RDA Microelectronics, which reached the notification threshold in the Antimonopoly Law. Tsinghua Unigroup completed the transaction on July 18. After conducting a review, Mofcom said the transaction won’t have the effect of eliminating or restricting competition.The order follows:...

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