Hong Kong antitrust watchdog recommends reduced fines for 3 companies that took part in cartel

In a first for Hong Kong’s antitrust watchdog, regulators have recommended reduced penalties for three companies found to have engaged in cartel-like behaviour in exchange for their cooperation with investigators.The Competition Commission on Thursday recommended fines be imposed on Neopost, Toppan HK and Smartech, companies that sell and rent machines that automate the insertion of mail into envelopes, all of which worked together to fix prices, rig bids and divvy up the market to the…


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