Megasteel didn’t infringe Competition Act

PETALING JAYA: The Malaysia Competition Commission (MyCC) has reiterated that Lion Corp Bhd’s 78.89%-owned indirect subsidiary Megasteel Sdn Bhd did not infringe the Competition Act 2010 by abusing its dominant position as had been decided earlier on April 15.

This is following complainant Melewar Industrial Group Bhd filing a notice of appeal to the competition appeal tribunal against the finding of non-infringement on May 13.