China Fines Milk Powder Companies For Price-FixingMani
China fined six infant milk powder companies, including Mead Johnson Nutrition CO (NYSE:MJN) and Biostime International Holdings Limited (HKG:1112) (OTCMKTS:BTSDF), for their alleged price fixing and anti-competitive practices.
According to the state-run news agency, Xinhua, this marks the largest fine China has ever imposed for violating . . .
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