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
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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.

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