KUALA LUMPUR – Dindings Poultry Development Centre Sdn Bhd (DPDC), one of the five feed millers which received the Malaysia Competition Commission’s (MyCC) proposed decision notice for infringing Section 4 of the Competition Act 2010 (Act 712) on August 5, 2022, has strongly denied the allegation which it described as “without merit”.
DPDC, which is a joint venture company of Malayan Flour Mills Bhd, said it intended to defend such unfounded allegation vigorously.
“DPDC will review the matter with its external legal counsel and submit written representations within the specified period and make an oral representation before MyCC,” Malayan Flour Mills said in a filing with Bursa Malaysia today.
It said the proposed decision is not final or conclusive at this juncture.
“MyCC has, in its press statement dated August 5, 2022 highlighted that its findings are provisional and it should not be assumed that any enterprise has broken the law at this stage,” it said.
The other four feed millers which received the same proposed decision notice by MyCC are FFM Bhd, Gold Coin Feedmills (Malaysia) Sdn Bhd, Leong Hup Feedmill Malaysia Sdn Bhd and PK Agro-Industrial Products (M) Sdn Bhd.
On Aug 5, MyCC said its special task force had tabled an investigation report to the members of the commission led by chairman Datuk Seri Mohd Hishamudin Md Yunus on June 27, 2022.
“Upon careful evaluation of the investigation report, MyCC, as a quasi-judicial body, has provisionally found that the said enterprises have infringed Section 4 of the Competition Act 2010 by entering into anti-competitive agreements and/or concerted practices in increasing the price quantum of poultry feed that contains soybean meal and maize as its main ingredients between early 2020 and mid-2022,” it said. – Bernama, August 8, 2022
_director_Datuk_M._Kumar.jpg)
