Six dairy companies were fined about 670 million, and China issued the largest anti-monopoly ticket

Six milk powder enterprises, including heshengyuan, have been fined about 670 million yuan for violating the anti-monopoly law and restricting competition, the largest penalty in the history of anti-monopoly in China, the national development and Reform Commission announced Thursday, Xinhua reported Wyeth, bainmei, Meiji and other three enterprises were exempted from punishment for cooperating in the investigation, providing important evidence and actively rectifying The company's wholly-owned subsidiary, Guangzhou heshengyuan, received the decision on administrative penalty issued by the national development and Reform Commission on August 6, according to the announcement According to the punishment decision, Guangzhou Hesheng yuan was fined nearly 163 million yuan for violating China's anti-monopoly law by agreeing on fixed product prices in the distribution agreement with its distributors It is understood that on June 27, as a domestic super high-end milk powder brand, he Shengyuan was the first to accept the anti-monopoly investigation of the development and Reform Commission Since then, many high-end milk powder brands have emerged, including Mead Johnson, Domex, Wyeth, Abbott, bainmei, heshengyuan, Mercure, Fonterra, Meiji, etc On July 9 and 23, he Shengyuan announced the rectification measures of giving points and reducing the price of milk powder 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 Mead Johnson's alleged manipulation of milk powder prices was fined $33 million by the national development and Reform Commission, Mead Johnson said Tuesday that the company will pay about $33 million to the Chinese government to settle the China Development and Reform Commission's review of price slots and Anti-monopoly of foreign infant milk powder enterprises Mead Johnson said it did not intend to raise a defense After paying the fine, the company's annual earnings per share will be reduced by 12 cents However, Mead Johnson reiterated its profit forecast for 2013, saying that after deducting one-time items, it could make a profit of $3.22 to $3.30 per share In recent weeks, Mead Johnson, Danone, Nestle, Abbott and Hong Kong listed milk powder companies such as he Shengyuan have been subject to price manipulation and anti-monopoly investigations by China Development and Reform Commission Affected by this, Mead Johnson and other milk powder enterprises lowered the price of infant milk powder products Representatives of several other foreign milk powder companies have not disclosed the amount of the fine Since the outbreak of China's domestic toxic milk powder scandal in 2008, Chinese people began to rely heavily on foreign infant formula Foreign milk powder brands account for half of the total sales Fonterra, a New Zealand dairy producer, was fined $4.64 million by the national development and Reform Commission for its dairy related pricing investigation, Fonterra confirmed Wednesday that it was fined $900000 (about 4.64 million yuan) by the national development and Reform Commission It is reported that Fonterra was punished after receiving the review of dairy pricing by the national development and Reform Commission Last night, Mead Johnson, also subject to the NDRC milk powder pricing survey, revealed a $33 million fine from the NDRC, saying the company's full year earnings per share would be reduced by 12 cents In July, following the milk powder enterprises such as heshengyuan, Domex, Mead Johnson, Wyeth, Abbott and fushilan, Fonterra was also involved in the anti-monopoly investigation of milk powder price of China Development and Reform Commission Fonterra last month announced a 9% cut in the price of its Enfamil milk powder for pregnant women sold in China, starting in August, following a product pricing survey Fonterra has previously said it understands the wide range of industry-specific investigations conducted by the national development and Reform Commission, but stressed that the company operates only a small part of its dairy business in China Fonterra is the largest raw milk supplier in New Zealand, and also processes many infant formula milk powder for peers Among the top milk powder brands in sales volume, many choose Fonterra as their long-term supplier In addition, Fonterra also manufactures milk powder for a number of large-scale dairy companies, and is ready to launch its own infant milk powder in China Customs statistics show that in the first quarter of this year, China imported 240000 tons of milk powder, an increase of 23.7% Among the imported milk powder, New Zealand is the largest source country of imported milk powder in China, accounting for 95% of all imported milk powder, and the anti-monopoly punishment of milk powder will be released soon Beiinmei (002570 SZ) announced last night that the company received the decision on exemption from administrative punishment (fgbjjm [2013] No.1) from the national development and Reform Commission (NDRC) on August 6, which mentioned that after investigation by the NDRC, beiinmei had the following illegal facts: through contract agreement, price control, deduction of security deposit, stop of supply, etc., it operated downstream business The price of milk powder resold to a third party is fixed Beinmei said that the decision pointed out that the above-mentioned acts of the company violated the provisions of paragraph 1, Article 14 of the anti monopoly law of the people's Republic of China, reached and implemented a monopoly agreement with the transaction counterpart to fix the price of the resale goods to the third party, which constituted a price monopoly In view of the company's initiative to report to the development and Reform Commission on the relevant information about the monopoly agreement and provide important information According to the second paragraph of Article 46 of the anti monopoly law of the people's Republic of China, the development and Reform Commission decides to exempt the company from administrative punishment, and the company shall immediately stop implementing the monopoly agreement reached.