# Zhongju High-tech

Beijing Signals Zero Tolerance for 'Gun-Jumping' in Hostile Takeovers

China's market regulator has fined Zhongshan Torch Group and CDH Baifu for 'gun-jumping' during their acquisition of Zhongju High-tech. While the takeover was found not to be anticompetitive, the parties were penalized for seizing control before the official review process was completed.