MyCC proposes RM4.5mil fine against Megasteel for allegedly abusing position in market


KUALA LUMPUR: The Malaysian Competition Commission (MyCC) has proposed a RM4.5mil fine against Megasteel Steel Sdn Bhd for allegedly abusing its dominant position in the market to drive out its rivals in the downstream industry.

Megasteel is given 30 days to either submit its representation in writing or indicate its wish to make an oral representation before the MyCC.

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MyCC , Megasteel , RM4.5mil fine

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