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China Fines Luxshare Precision 900,000 Yuan Over Unreported Wingtech Deal

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China's market regulator fined Luxshare Precision Industry (SHE:002475) 900,000 yuan for failing to notify authorities before acquiring another business, according to a notice published Wednesday.

The penalty stems from Luxshare's purchase of electronics manufacturing operations from Wingtech Technology (SHA:600745).

The transaction closed in January 2025 without prior anti-monopoly notification, violating the country's Anti-Monopoly Law. However, the authority determined that the deal does not restrict competition.

Shares of Luxshare fell 2%, while those of Wingtech jumped 5% in early-morning trade in China.

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