The State Administration for Market Regulation (SAMR) issued an administrative penalty against Guangdong Yunfu Bright Streetlights Management Co., Ltd. (hereinafter referred to as Bright Streetlights) for illegally executing a merger by acquiring shares in Yunfu Hengtai Feng Industrial Co., Ltd. (hereinafter referred to as Hengtai Feng), the agency has announced today (16 January).
The penalty decision revealed that the transaction constituted an illegal merger under China’s Anti-Monopoly Law. However, Bright Streetlights and its affiliates had no prior record of penalties for similar violations. They actively cooperated with the investigation and implemented effective antitrust compliance measures, leading to a reduced fine.
As a result, SAMR imposed a fine of RMB 1.75 million (USD 239,000) on Bright Streetlights.
Article 30 of the Anti-Monopoly Law of the People’s Republic of China stipulates that businesses must not implement a merger before receiving a decision from the State Council’s anti-monopoly enforcement agency.
To see all fines this year, visit the Global Map of Fines section on our site.
Source: https://www.samr.gov.cn/xw/mtjj/art/2025/art_f88fd3d17e8a4360bba95e4d143082e9.html
