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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Wang Zhongke

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Namibia

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

today2 August, 2024 68