Japanese companies in response to China's anti-monopoly ticket: antitrust | would promptly formulate improvement measures | fines _ news

CNS, Beijing, August 20 (reporter Wang Enbo)-after Seiko and NTN, issued by China's national development and Reform Commission amounts to RMB 1.2354 billion the largest antitrust fines in the remaining 10 to 12 Japanese companies respond to today.

For alleged violations of Chinese anti-monopoly law fines as provided by a number of Japanese companies have indicated that they have received the penalty notice of China's national development and Reform Commission, and will take the appropriate measures for rectification.

DENSO said at its official Web site, the group is "in full co-operation with the national development and Reform Commission antitrust investigation at the same time, rapidly developing improvement measures" in the future "will be more strict compliance with antitrust law, further strengthen the popularization and education at the same time, implement more detailed compliance monitoring measures, with a view to completely comply with the antitrust laws."

Love three times, said the company would be "this event very seriously, and is committed to making its work to fully comply with relevant laws and regulations."

Mitsubishi Electric said that "the company decided to humbly accept the punishment decision. Meanwhile, the company will further strengthen the compliance institution-building, and take measures to eliminate the recurrence of violations, committed to restoring their reputations. ”

Clover responded that the company internally sets the "anti-monopoly Committee for crisis management and prevention" in the future "to urge the Group's domestic and foreign enterprises to the total legitimate business."

Yazaki said the company had "conducted a thorough internal investigation at the same time, through the revision of relevant norms, staff education and periodic inspection and other measures to prevent the recurrence of similar incidents."

Furukawa said, "will improve related policies to prevent such incidents from happening again," and would "further efforts to restore the enterprise credibility".

Sumitomo said that "in June 2010, the company had enacted a competition law compliance regulation, and built a system operated by specialized organizations to strengthen competition law compliance system for the group as a whole. The future, competition law compliance we will be operating as the most important issue, and conduct fair business activities. ”

Getaijiete, responded that the company treated the incident "extremely seriously", and "has stepped up its efforts to ensure compliance with all applicable laws and regulations."

Due to voluntarily report reaching monopoly agreements and provide important evidence but were exempted from punishment of two Japanese firms Fuji and Hitachi have also responded to the antitrust case.

Fujio said it would "very serious and sincere about the current situation".

Hitachi said, "will continue to improve the internal rules and regulations, conducting employee training, implement a regular monitoring to prevent recurrence of such incidents." (End)

(Original title: Japanese companies involved in response to China's anti-monopoly ticket: would promptly formulate improvement measures)

(Edit: SN146)
17:13 on August 20, 2014
China News Network