"Today we received written approval for the acquisition of Toshiba Memory Corporation from the antitrust authorities in China", Bain said.
TOKYO-China has approved USA private-equity firm Bain Capital's $18 billion deal for Toshiba Corp.'s memory-chip unit, in a possible gesture of goodwill as Beijing tries to stave off US trade penalties.
The deal was agreed between buyer and seller a year ago, with Bain taking a 49.9% stake and Toshiba retaining 40.2%.
The government of China will not stand in the way of the Toshiba Memory Corporation's sale to USA investment house Bain Capital.
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Toshiba said in a brief statement that it expects the deal to be completed on June 1.
A representative for China's State Administration for Market Regulation said he was not aware of the situation and did not comment further. US telecoms firm Qualcomm is now battling for Chinese approval to buy out NXP semiconductors for $44 billion.
The Bain consortium includes South Korea's SK Hynix, which also makes NAND flash chips, as well as Apple, Dell, Seagate and Kingston Technology.
It already had the green light from Korean, U.S., Japanese and European authorities, but awaited approval from China.