Leong Hup faces huge fine if guilty of infringing Competition Act


In a filing with Bursa Malaysia yesterday, Leong Hup said that the Malaysia Competition Commission (MyCC) has also proposed LFM to cease from participating and engaging in the alleged anti-competitive horizontal agreement with regards to any discussion on price-related matters pertaining to chicken feed.

PETALING JAYA: Leong Hup International Bhd’s wholly-owned subsidiary, Leong Hup Feedmill Malaysia Sdn Bhd (LFM), could be fined RM157.47mil if it is found guilty of infringing Section 36 of the Competition Act 2010.

In a filing with Bursa Malaysia yesterday, Leong Hup said that the Malaysia Competition Commission (MyCC) has also proposed LFM to cease from participating and engaging in the alleged anti-competitive horizontal agreement with regards to any discussion on price-related matters pertaining to chicken feed.

Subscribe to The Star Yearly Premium Plan for 30% off

Cancel anytime. Ad-free. Full access to Web and App.

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.39/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Leong Hup , feed mills , competition , act , violated , MYCC ,

Next In Business News

Johari: Govt exploring ways to expand biodiesel use
PTT Synergy buys Gombak land for RM60mil to build automated warehouse
TH Plantations CEO put on garden leave, CFO resigns amid RM5.1mil probe
Silver Ridge wins RM16.9mil underground cable job
Cloudaron plans RM38mil sale of subsidiaries to Sweden’s Abelco
Globetronics buys 30.85% stake in Mpire Global for RM45mil
NexG sets up MyNasional Holdings as AI, data intelligence arm
Ringgit rebounds to close higher on better-than-expected 2Q GDP forecast
KTI Landmark bags RM130.6mil contract to build ABM Sabah campus
Foreign investors remain significant net buyers in 1H25, contribute net inflow of RM21.4bil

Others Also Read