KUALA LUMPUR: Malayan Flour Mills Bhd and its joint venture company, Dindings Poultry Development Centre Sdn Bhd, are in consultation with their external legal counsel to challenge the Malaysia Competition Commission's (MyCC) decision to impose a penalty of RM70.02 million for a price-fixing infringement.
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).