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Financial penalties in excess of $4.6 million have been imposed in total on Trust-Build Engineering & Construction Pte Ltd. (“TB”) and Hunan Fengtian Construction Group Co., Ltd (“HNFT”) (each a “Party” and collectively, the “Parties”) by the Competition and Consumer Commission of Singapore (“CCCS”) for the Parties’ infringement of section 34 of the Competition Act 2004. These infringements are elaborated in CCCS’s Infringement Decision, which found that the Parties engaged in bid-rigging in relation to three invitations to tender (“ITTs”) called by the People’s Association (“PA”).
Further information on the investigation, analysis of the case and the basis of calculation of the financial penalties imposed on the infringing parties are set out in the Infringement Decision.
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