Office Managing Partner
MOFCOM makes public for the first time decisions finding violations of merger control rules
10 December 2014
On 8 December 2014, China's Ministry of Commerce ("MOFCOM") imposed a fine on the state-owned Tsinghua Unigroup Ltd. ("Tsinghua Unigroup") for failure to notify its acquisition of RDA Microelectronics Inc. On the same day, MOFCOM's decision was published on its website.
MOFCOM found that the acquisition had triggered the notification requirements under the Anti-Monopoly Law, but Tsinghua Unigroup completed the acquisition on 18 July 2014 without going through the merger control review process. In its decision, MOFCOM indicated that it had assessed the effects on competition resulting from the acquisition, but had concluded there would not be any anti-competitive impact. MOFCOM imposed a fine of RMB 300,000 (approximately USD 48,000) on Tsinghua Unigroup.