Brief: MTT Group Says Competition Commission Commenced Proceedings Against Co & Multisoft Ltd
23/03/2023 01:03
March 23 (Reuters) - MTT Group Holdings Ltd 2350.HK :
* ON 22 MARCH, COMPETITION COMMISSION COMMENCED PROCEEDINGS
IN
COMPETITION TRIBUNAL AGAINST CO & MULTISOFT LTD
* PROCEEDINGS RELATES TO CONTRAVENTION OF COMPETITION
ORDINANCE
TAKING PLACE BETWEEN MAY 2020 AND SEPT 2021
* COMMISSION ALLEGED CO & MULTISOFT ENGAGED IN COVER BIDDING
WHEN
PROVIDING QUOTATIONS FOR IT SOLUTIONS IN APPLICATIONS FOR
GOVERNMENT SUBSIDY
* GROUP IS IN COURSE OF SEEKING LEGAL ADVICE ON ALLEGATIONS
Further company coverage: 2350.HK
((Reuters.Briefs@thomsonreuters.com;))
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