The State Administration for Market Regulation (SAMR) recently imposed
administrative penalties on Zhongshan Torch Group Co., Ltd. and Shanghai Dinghui
Baifu Investment Management Co., Ltd. after they acquired control of Zhongju
Hi‑Tech Industrial Co., Ltd. by other means in a case found to violate the PRC
Anti‑Monopoly Law governing concentrations; each company was fined 1.75 mln
yuan.