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.
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.
Leong Hup faces huge fine if guilty of infringing Competition Act thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: Investors holding shares in Leong Hup International Bhd held their ground on Monday despite allegations that the group's feedmill business had participated in anti-competitive price-fixing practices with industry peers in raising the price of poultry feed between early 2020 and mid-2022.