PETALING JAYA: A group of rice millers want the Malaysia Competition Commission (MyCC) to act against cartels in the rice industry just like it did recently with a cartel of companies found guilty of fixing chicken feed prices.
Leong Hup International Bhd’s (LHI) pro forma net gearing ratio is expected to deteriorate to 0.96 times from 0.7 times, assuming the group fully utilises its cash reserves for the penalty settlement imposed on it by the Malaysia Competition Commission (MyCC).
Kuala Lumpur: The Malaysia Competition Commission (MyCC) has fined five companies a total of RM415 million for forming a “chicken feed cartel” to fix prices.
KUALA LUMPUR: Five companies have been fined a total of RM415mil for fixing the price of chicken feed, says the Malaysia Competition Commission (MyCC).
KUALA LUMPUR: Leong Hup International Bhd (LHI) has asserted that the Malaysia Competition Commission’s (MyCC) finding of infringement is without merit.