Fines slashed for 4 chicken suppliers linked to anti-competitive pacts

The penalty reductions came after the Competition Appeal Board allowed appeals by the four chicken distributors on their liabilities for market-sharing agreements. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Four fresh chicken distributors that were among 13 suppliers fined a record $26.9 million for price-fixing and non-compete deals in 2018 have had their financial penalties slashed on appeal.

Gold Chic Poultry Supply and its related company Hua Kun Food Industry had their total fine cut from $1.78 million to $513,992, while Toh Thye San Farm had its $2.27 million fine slashed to $724,507.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.