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Otto Poon's Company Fined HK$ 150M ...

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  1. #1

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    Otto Poon's Company Fined HK$ 150M ...

    The former Justice Sec's husband's company ...

    A company founded by Otto Poon Lok-to, husband of former justice secretary Teresa Cheng Yeuk-wah, is facing a fine of HK$150 million after it admitted violating antitrust laws.

    The Competition Commission said on Friday that it had been investigating Poon’s ATAL Building Services Engineering over a suspected air-conditioning works cartel.
    https://www.thestandard.com.hk/break...tion/4/196711/

    and

    https://www.thestandard.com.hk/secti...ion/11/242757/

  2. #2

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    Wasn’t he in the news for some other kinda monkey business


  3. #3

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    Yes ... was it a pool or a bag of water?

    https://hongkongfp.com/2019/04/23/hu...tuen-mun-home/


  4. #4

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    iiirc Shun Hing is the authorised repair place for loads of consumer electrical appliances (Pansoni, Hitachi, etc).


  5. #5

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    Shun Hing is also an agent / distributor / engineering firm ... one of those companies that has built a large number of subsidiaries. I don't think they were named in the fine .. will check.


  6. #6

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    I would take the simpler explanation, Teressa strayed away from the path albeit momentarily, was called back in cell and reprimanded with dose of reeducation, now overlords are doing what they do the best to set an example...


  7. #7

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    If thats the simple explanation ... I'd hate to think what the conspiracy group comes up with.


  8. #8

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    They would probably start with 'Every single elite has piles of skeletons in their main and subsidiary cupboards, why him!!'..


  9. #9

    20k? Pool probably cost 50 times that.

    Our justice system is screwed. Has been since 2019.


  10. #10

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    If the numbers are to be taken seriously, if the cartel increases prices more than 7.5%, the fine would just be a cost of doing business?

    hongkongmusic and shri like this.

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