Stay updated with breaking news from Group Bhd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Malaysia Competition Commission has proposed to impose a financial penalty of RM46.36 million on FFM Bhd — one of five feed millers recently flagged by the commission for potential price fixing — subject to findings in relation to its alleged infringement of the Competition Act 2010.
KUALA LUMPUR: Malaysia Competition Commission (MyCC) has proposed to impose a financial penalty of RM46.36 million on FFM Bhd, an 80 per cent subsidiary of PPB Group Bhd, following the findings on the alleged infringement of Section 4 of the Competition Act 2010 (Act 712).
Malayan Flour Mills Bhd's partially owned Dindings Poultry Development Centre Sdn Bhd (DPDC) said that Malaysia Competition Commission has proposed to impose a financial penalty of RM70.02 million in the event that DPDC is found to have infringed the Competition Act 2010.
Here is a brief look at some corporate announcements and news flow on Wednesday (Aug 10), which include Malaysia Airports Holdings Bhd, Capital A Bhd, Malayan Flour Mills Bhd, PPB Group Bhd, MISC Bhd, Ranhill Utilities Bhd, Hup Seng Industries Bhd, Pertama Digital Bhd, Green Packets Bhd and KPower.
SEE Hoy Chan Holdings Sdn Bhd (SHCH) is mulling plans to inject its retail assets into a real estate investment trust (REIT) that will be listed on Bursa Malaysia, according to sources. “Several investment banks have been approached for the corporate exercise,” one of them tells The Edge.