Two companies insist MyCC’s price-fixing allegations is ‘without merit’

📆 06/08/2022 10:01 p. m.
📰 staronline

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 75%

México Noticias Noticias

México Últimas Noticias,México Titulares

PETALING JAYA: Two of the five feedmillers accused by the Malaysia Competition Commission (MyCC) for being involved in price-fixing practices in the chicken industry have dismissed the charge as “without merit”.

Responding to MyCC’s allegations, Leong Hup International Bhd and PPB Group Bhd said they would respond within the given time to defend their subsidiaries – Leong Hup Feedmill Malaysia Sdn Bhd, and FFM Bhd, respectively.

However, MyCC said the findings were provisional and the companies were “yet to be found guilty”, and they have 30 days to submit their representation. “The company and Leong Hup Feedmill strongly believe that the allegation of the aforesaid infringement is without merit and intend to defend such allegation vigorously.

The government had earlier banned the export of up to 3.6 million chickens from June 1 in an effort to stabilise the domestic supply and pricing of chicken.

Escribir Comentario

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

MyCC: Five chicken feed companies implicated in anti-competitive behaviourKUALA LUMPUR: Five enterprises have been found to have provisionally entered an anti-competitive agreement within the chicken industry, says the Malaysia Competition Commission (MyCC).
Fuente: staronline - 🏆 4. / 75 Leer más »