GlaxoSmithKline said its Chinese unit would pay a fine of about ￡300m after it was found guilty of bribing non-government personnel in the country following a long-running and high-profile investigation.
GSK said in a statement on Friday that it would pay the equivalent of Rmb 3bn (￡297m) to the Chinese government - a hefty penalty in the country - after a court ruled that GSK China Investment Co. Ltd (GSKCI) had "offered money or property to non-government personnel in order to obtain improper commercial gains".
From its statement:
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