Ten decoration and engineering companies in Hong Kong have been accused of breaching competition law by working together to fix prices and share the renovation market on a new public housing estate.
As well as price fixing and agreeing among themselves on bidding for renovation work at Phase One of On Tat Estate in Kwun Tong, the Hong Kong Competition Commission also accused them of offering “package prices” for decoration of the flats. The commission took legal action against all 10 companies at the Competition Tribunal.
It was the second case the commission had brought to the tribunal following a bid-rigging case filed in March after five technology companies were accused of bid-rigging in a tendering process by the Hong Kong Young Women’s Christian Association in July last year.
Full Content: The Standard
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