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Fines cut for 4 firms in chicken cartel appeal
Appeals on liabilities for price-fixing rejected but those for market-sharing pacts allowed
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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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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.
