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Tianneng Battery hit with SAMR penalty for failure to notify Anhui Hongda deal

( September 16, 2019, 04:10 GMT | Official Statement) -- MLex Summary: Tianneng Battery Group has been fined 300,000 yuan ($42,400) by China’s State Administration for Market Regulation for failing to notify its acquisition of Anhui Hongda Power Supply. According to a penalty decision published today by the regulator, the deal met the prescribed notification threshold, but it had no anticompetitive impact. The regulator started a probe of the case on May 14 and the penalty decision was dated Aug. 16.The statement follows and the penalty decision is attached....

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