Subaru Enterprise Co., Ltd. continues to fall after receiving cease and desist order and surcharge payment order from JFTC
Subaru Enterprise <9632> extended its decline after the Japan Fair Trade Commission (JFTC) issued a cease-and-desist order and a surcharge payment order against the company. The regulatory action, announced after the close on the 22nd, follows an on-site inspection in September last year regarding suspected Antimonopoly Act violations in bidding for road cleaning services for Metropolitan Expressway Co. Subaru Enterprise stated it would strengthen legal compliance and work to restore trust in response to the orders.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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