Antitrust Antitrust

Mail-inserter suppliers fined for price fixing, bid rigging in Hong Kong

By Yonnex Li
  • 16 Jun 2023 06:09
  • 16 Jun 2023 06:09
Three suppliers of mail-inserting machines have been ordered by Hong Kong's competition court to pay penalties totaling HK$5.6 million ($716,000) for hardcore-cartel conduct.
Toppan Forms was fined HK$3.4 million after obtaining a 25 percent discount for cooperating with the Competition Commission, the regulator said in a statement welcoming the ruling

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Yonnex Li

Chief Correspondent, Greater China

Yonnex has an MA in Journalism from the Chinese University of Hong Kong, after obtaining a BA in Translation at the same university. At MLex, she writes extensively on antitrust developments in the Greater China region, including investigations, court cases and merger control of international transactions. Prior to joining MLex, she worked as a reporter at the English division of the Hong Kong Economic Journal, providing coverage and analysis on China's banking sector, asset management industry as well as currency and financial reforms.

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