Competition Commission Says Settlement Reached Over Unapproved Merger

The Competition Commission has reached a settlement with Fan Qingmei, Wang Zhongke, Hong Xiang Holdings, and Whale Rock Cement. The agreement follows an investigation revealing that these parties violated regulations by implementing a merger without the Commission's prior approval. Zhongke acquired shares in Hong Xiang Holdings from Qingmei, which holds a 70% stake in Whale Rock Cement and controls the company.The commission's, Dina //Gowases. t

August 2, 2024 44

Business / Economics

NaCC launches investigation into alleged price fixing of quota usage fees

The Namibian Competition Commission (NaCC) has launched an investigation into the alleged price fixing of quota usage fees paid to fishing rights holders by various fishing vessel owners and operators. This comes after the NaCC received evidence suggesting possible cooperation among numerous vessel owners and operators in the Namibian fishing industry on 18 August 2023 and 22 September 2023, respectively. The alleged collusion takes the form of fixing fishing quota […]

November 21, 2023 10

Business / Economics

Competition Commission has initiated an investigation into the fishing sector after allegations of price fixing

The Namibian Competition Commission has initiated an investigation into the fishing sector after allegations of price fixing related to quota usage fees surfaced. The competition watchdog said it received information, on 18 August and 22 September 2023, alleging possible collusion amongst various vessel owners and operators in the country’s fishing industry. NaCC spokesperson Dina //Gowases.

November 21, 2023 49