Leong Hup Feedmill Malaysia Sdn. Bhd. (Leong Hup) and Dindings Poultry Development Centre Sdn. Bhd. (Dindings Poultry) have filed appeals after the Malaysia Competition Commission (MyCC) fined them and three other chicken feed manufacturers for the “formation of a price-fixing cartel for poultry feed.”
The five companies – Leong Hup, Dindings Poultry, FFM Berhad (FFM), Gold Coin Feedmills (Malaysia) Sdn. Bhd. (Gold Coin) and PK Agro-Industrial Products (M) Sdn. Bhd. (PK Agro) – were fined a total of MYR415 million (US$89.6 million) in December after an investigation which began in 2021.
MyCC said it had suspected the five enterprises had engaged in price-fixing agreements, and conducted an extensive investigation between November 2021 and June 2022. In February 2022, it formed a special task force to investigate competition-related issues in the chicken and egg industry. Throughout the investigation, MyCC said it carried out raids, took statements, requested information and conducted in-depth analysis of relevant data that it had gathered.
Leong Hup and Dindings Poultry have applied for a stay of the decision pending the appeal process, according to reports.
