Malaysia Competition Commission has proposed to impose a financial penalty of RM46.36 million on FFM Bhd one of five feed millers recently flagged by the commission for potential price fixing subject to findings in relation to its alleged infringement of the Competition Act 2010.
KUALA LUMPUR: Malaysia Competition Commission (MyCC) has proposed to impose a financial penalty of RM46.36 million on FFM Bhd, an 80 per cent subsidiary of PPB Group Bhd, following the findings on the alleged infringement of Section 4 of the Competition Act 2010 (Act 712).
Malayan Flour Mills Bhd's partially owned Dindings Poultry Development Centre Sdn Bhd (DPDC) said that Malaysia Competition Commission has proposed to impose a financial penalty of RM70.02 million in the event that DPDC is found to have infringed the Competition Act 2010.
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