China's market regulator fines Luxshare for Wingtech deal violation

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BEIJING, May 27 (Reuters) - China's market regulator has fined Luxshare Precision Industry 002475.SZ 900,000 yuan ($133,000) for unlawful implementation of acquisition of some business of Wingtech Technology 600745.SS, it said in a statement on Wednesday.

  • The State Administration for Market Regulation said Luxshare, a key supplier of Apple AAPL.O, failed to properly declare its acquisition of part of Wingtech's business in January 2025.

  • The regulator began an investigation in September 2025 after Luxshare self-reported the deal earlier in February.

  • The transaction involved Luxshare acquiring 100% control of certain electronics manufacturing operations from Chinese semiconductor producer Wingtech via three subsidiaries.

  • The regulator said the deal met merger filing thresholds but was implemented without prior antitrust approval, violating China's anti-monopoly law.

  • Luxshare received a reduced penalty after voluntarily reporting the breach and taking steps to improve compliance, the regulator added.

($1=6.7811 Chinese yuan renminbi)


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