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WorstLuck

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WorstLuck

Re: WorstLuck post# 246315

Friday, 05/19/2023 12:13:30 AM

Friday, May 19, 2023 12:13:30 AM

Post# of 252581
PHG

Another bribery.
https://www.wsj.com/articles/royal-philips-to-pay-62-million-to-settle-china-bribery-probe-acc461c2

Royal Philips to Pay $62 Million to Settle China Bribery Probe
Amsterdam-based company used special price discounts for distributors and manipulated Chinese procurement processes by influencing state-run hospital officials, regulators said



No apparent affect on the stock price, still near the YTD high (and down ~65% over the last two years.)
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