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.