Leong Hup shares remain unchanged amid price-fixing allegations

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.

As at 10.15am on Monday, shares in the poultry group were unchanged at 52 sen a share on the back of 364,400 shares traded, suggesting that investors could be adopting a wait-and-see approach over the ongoing developments.