热门标签

Leong Hup faces huge fine if guilty of infringing Competition Act

时间:5天前   阅读:4   评论:2

澳5开户www.a55555.net)是澳洲幸运5彩票官方网站,开放澳洲幸运5彩票会员开户、澳洲幸运5彩票代理开户、澳洲幸运5彩票线上投注、澳洲幸运5实时开奖等服务的平台。

In a filing with Bursa Malaysia yesterday, Leong Hup said that the Malaysia Competition Commission (MyCC) has also proposed LFM to cease from participating and engaging in the alleged anti-competitive horizontal agreement with regards to any discussion on price-related matters pertaining to chicken feed.

PETALING JAYA: Leong Hup International Bhd’s wholly-owned subsidiary, Leong Hup Feedmill Malaysia Sdn Bhd (LFM), could be fined RM157.47mil if it is found guilty of infringing Section 36 of the Competition Act 2010.

In a filing with Bursa Malaysia yesterday, Leong Hup said that the Malaysia Competition Commission (MyCC) has also proposed LFM to cease from participating and engaging in the alleged anti-competitive horizontal agreement with regards to any discussion on price-related matters pertaining to chicken feed.

Should LFM be found guilty, it explained that MyCC has also suggested that its subsidiary submit monthly price-related matters to MyCC, including the announcement of price adjustment to customers, a list of recent poultry feed prices and the monthly cost for poultry feed within six months from the issuance of the infringement decision.

Furthermore, MyCC would also direct LFM to enrol directors and senior management executives into a competition law compliance programme and training at its own expense.

“LFM is required to submit a progress report of the enrolment to the MyCC within 12 months from the issuance of the infringement decision.

,

足球免费贴士www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

,

“And to develop a standard operating procedure (SOP) in relation to the disciplinary procedure taken against any individuals employed by the enterprise who are found participating in any anti-competitive agreement including the employees and board of directors.

“The SOP should then be submitted to MyCC within six months from the issuance of the infringement decision,” it said.

On Aug 5, LFM received a notice of the proposed decision issued by MyCC pursuant to Section 36 of the Competition Act 2010.

The proposed decision is premised primarily on the allegation that LFM had engaged in agreements and/or concerted practices to fix the quantum of the poultry feed price, which is in breach of Section 4(1) read together with Section 4(2)(a) and 4(3) of the Act.


转载说明:本文转载自Sunbet。

上一篇:Usdt第三方支付平台:How about showing some empathy to SMEs making the digital shift?

下一篇:立博博彩公司 --(www.99cx.vip)

网友评论

  • 2022-09-26 00:18:37

    Article 57 (1) (b) of the Federal Constitution had stated that the Dewan Rakyat shall from time to time elect two Deputy Speakers from among the MPs. – Bernama, July 18, 2022.内容好精彩啊