Department of Justice (DOJ) Teresa Cheng’s husband, Otto Poon Lok-to’s company has recently been charged by the Competition Commission Hong Kong. Poon’s company: ATAL Building Services Engineering Limited has been accused of colluding with Shun Hing Engineering Contracting Company Limited for price-fixing, market-sharing and/or bid rigging while bidding for air-conditioning projects in Hong Kong. The case has been submitted to the Competition Tribunal for legal proceedings. The tribunal proceedings commenced on June 16, 2022 and the Tribunal has brought charges against the involved companies and individuals. At the time of this report, Analogue Holdings stock price had fallen to 7.2%, to HK$1.67 (US$0.21), at the time of publishing the share price had dropped further to HK$1.48 (US$0.19).
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