December 7, 2016 / 3:32 AM / 10 months ago

China fines medical equipment firm Medtronic (Shanghai) $17.2 mln for price fixing

BEIJING, Dec 7 (Reuters) - China’s state planner, the National Development and Reform Commission, said on Wednesday it has fined medical equipment firm Medtronic (Shanghai) Management Co 118.5 million yuan ($17.20 million) for price fixing after an investigation.

Medtronic (Shanghai) Management Co is a unit of Medtronic PLC.

$1 = 6.8904 Chinese yuan renminbi Reporting by Beijing Monitoring Desk; Editing by Muralikumar Anantharaman

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