Hong Kong cracks down on alleged HK$700 million renovation bid-rigging syndicate

2026-01-29 - 10:13

Hong Kong’s competition watchdog has cracked down on a new syndicate suspected of bid-rigging in tenders for building maintenance projects across the city’s 17 estates and buildings, with the value of contracts hitting HK$700 million (US$89.7 million). The two-day operation is the first major enforcement action led by the Competition Commission following the deadly Tai Po blaze last November, which renewed scrutiny over the years-long malpractice of the city’s construction sector. Codenamed...