Competition and Consumer Commission of Singapore (CCCS)

The Competition and Consumer Commission of Singapore (CCCS) has cleared the proposed acquisition of Dyna-Mac Holdings by Hanwha Ocean SG Holdings

The IMDs ceased to have effect from Feb 23, following information that the possible transaction had been abandoned.

The CCCS has advised suppliers to be clearer about their terms and to explain any technical terms included.

The review by CCCS includes third-party feedback from industry players and members of the public.

CCCS is inviting public feedback to be submitted by Aug 15.

The public can provide feedback on the matter between June 21 to July 12.

Singapore needs to strengthen its consumer protection laws to promote fairer outcomes for consumers without compromising growth.

The proposed acquisition was announced in August 2019.

The Competition and Consumer Commission of Singapore (CCCS) has concluded its investigation into the online food delivery and virtual kitchen sectors in Singapore after 10 months, following a complaint regarding anti-competitive conduct last year.

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