The SCMP reports
- ATAL Building Services Engineering of Analogue Holdings, set up by Otto Poon, will pay huge penalty after admitting liability in air-conditioning cartel cases
- Firm is one of two accused of price-fixing, market-sharing and bid-rigging, which could have affected air-conditioning projects worth some HK$2 billion
A leading engineering service provider set up by the husband of Hong Kong’s former justice secretary Teresa Cheng Yeuk-wah is facing a fine of HK$150 million (US$19.1 million) for breaching the city’s competition law in the heaviest penalty of its kind.
In a statement on Friday, the Competition Commission said ATAL Building Services Engineering of Analogue Holdings, set up by Otto Poon Lok-to, Cheng’s husband, had admitted liability in air-conditioning cartel cases and accepted cooperation terms, including payment of the huge penalty, as well as covering the commission’s costs of investigation and legal proceedings.
The case involves ATAL Building Services Engineering and Shun Hing Engineering Contracting Company under Shun Hing Holdings.
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