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Luxshare Precision Receives 900,000 Yuan Fine for Partial Acquisition of Wingtech Technology's Business
20 hour ago /
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Author：小编
On May 21, 2026, the State Administration for Market Regulation levied an administrative penalty on Luxshare Precision. The penalty was for the company's illegal implementation of a concentration of undertakings during its acquisition of a portion of Wingtech Technology's business operations. Consequently, the administration decided to impose a fine of 900,000 yuan on Luxshare Precision. Although Luxshare Precision did not provide pre-notification as required by law, it proactively reported the issue and took active measures to rectify the situation. As a result, the company received a comparatively lenient penalty.
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