KUALA LUMPUR: Leong Hup International Bhd has appealed the Malaysia Competition Commission's (MyCC) decision to fine its wholly-owned subsidiary Leong Hup Feedmill (M) Sdn Bhd as an alleged member of a poultry feed price-fixing cartel.
Leong Hup International Bhd has appealed against the Malaysia Competition Commission’s (MyCC) decision to fine its wholly-owned subsidiary Leong Hup Feedmill (M) Sdn Bhd as an alleged member of a poultry feed price-fixing cartel.
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: Leong Hup International Bhd (LHI) has asserted that the Malaysia Competition Commission’s (MyCC) finding of infringement is without merit.