Mead Johnson was fined 200 million yuan for antitrust investigation in China

From yesterday night to this morning, he Shengyuan and Bei Yinmei announced the punishment In addition, the foreign media and relevant people disclosed the punishment of Mead Johnson, Meiji, Abbott, Domex and Wyeth Among them, he Shengyuan was fined 160 million yuan, Mead Johnson was fined 200 million yuan, Fonterra was fined 4.35 million yuan, Meiji, Abbott and Domex were fined 4%, 3% and 2% respectively for sales in 2012, and Bain and Wyeth were exempted from punishment Xinhua point of view: [six dairy companies were punished with the largest penalty in history] the national development and Reform Commission announced on July 7 that six dairy companies, such as heshengyuan, were fined about 67000000 yuan for violating the anti-monopoly law and restricting competition, becoming the largest penalty in the history of anti-monopoly in China Wyeth, bainmei, Meiji and other three enterprises were exempted from punishment for cooperating in the investigation, providing important evidence and actively rectifying From yesterday night to this morning, he Shengyuan and Bei Yinmei announced the punishment In addition, the foreign media and relevant people disclosed the punishment of Mead Johnson, Meiji, Abbott, Domex and Wyeth Among them, he Shengyuan was fined 160 million yuan, Mead Johnson was fined 200 million yuan, Fonterra was fined 4.35 million yuan, Meiji, Abbott and Domex were fined 4%, 3% and 2% respectively for sales in 2012, and Bain and Wyeth were exempted from punishment China economic network, Aug 7 - mjn said it would pay 33 million US dollars (about 202 million yuan) in fines related to China's antitrust review, according to the Wall Street Journal Last week, Xu Kunlin, director of the price supervision, inspection and Anti-monopoly Bureau of the national development and Reform Commission, said the investigation clues came from reports The lowest resale price of the investigated milk powder enterprises was a typical vertical monopoly, which became one of the reasons for the high price of some milk powder in the market It is understood that once these enterprises are confirmed to have violated the anti monopoly law, they will face a huge fine of 1% to 10% of their annual sales In order to fight for light punishment, enterprises have cut prices Xu also made it clear that the investigation of anti-monopoly cases against milk powder enterprises had ended and that the results would be released this week At present, China's national development and Reform Commission's anti-monopoly agency is conducting a comprehensive investigation into the pricing behavior of three major foreign infant formula brands, mjn, Danone and Nestle The investigation organization has indicated that the three foreign milk powder producers with the largest market share abuse the market leading position to set unfair high prices Up to now, the surveyed enterprises have announced to reduce the price of milk powder, with the price reduction range ranging from 3% to 20% According to the price supervision, inspection and Anti-monopoly Bureau of the national development and Reform Commission, the above-mentioned enterprises have violated the anti-monopoly law by imposing fines, deducting rebates or stopping supply on dealers who do not comply with their prescribed prices On Tuesday, Mead Johnson said the company was fined nearly $33 million to close a review by China's antitrust authorities The company does not intend to contest this According to Kasper Jakobsen, CEO of Mead Johnson, China is still one of the company's most important markets, and the company will continue to strive to produce safe, high-quality and affordable products The penalty will reduce mjn's earnings per share for the year by about 12 cents, although the company reiterated its adjusted profit forecast for the year.