MyCC issues notice of alleged anti-competitive price fixing to FFM, Leong Hup Feedmill

KUALA LUMPUR: FFM Bhd, an 80 per cent subsidiary of PPB Group Bhd, has received a notice of the proposed decision issued by the Malaysia Competition Commission (MyCC) pursuant to Section 36 of the Competition Act 2010.

In a filing with Bursa Malaysia today, PPB said the proposed decision is premised primarily on the allegation that FFM had engaged in agreements and/or concerted practices to fix the quantum of poultry feed prices in breach of Section 4 of the Act.