Hong Kong competition watchdog sues ‘building maintenance cartel’ over HK$700 million bid-rigging

Hong Kong’s anti-trust watchdog has launched proceedings against a “building maintenance cartel” that had allegedly secured contracts at multiple housing estates worth nearly HK$700 million through bid-rigging and other illicit practices. The Competition Commission said on Wednesday that it had filed lawsuits against eight construction firms and 12 individuals in the Competition Tribunal for “serious […]

By Hans Tse