MALAYAN Flour Mills Bhd denies that its partially owned company, Dindings Poultry Development Centre Sdn Bhd (DPDC), was involved in the practices to fix the quantum of poultry feed price.
The company said in an exchange filing today that it found the allegations are without merit and it aims to defend itself from “such unfounded allegations vigorously”.
“DPDC strongly denies the allegation of the aforesaid infringement which is without merit and intends 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 (Malaysia Competition Commission),” it said.
The company noted that DPDC received a Notice of Proposed Decision issued by MyCC on Aug 5, pursuant to Section 36 of the Competition Act 2010.
The Proposed Decision is premised primarily on the allegation that DPDC had engaged in agreements and/or concerted practices to fix the quantum of poultry feed price which is in breach of Section 4(1) read together with Sections 4(2)(a) and 4(3) of the Act.
“The Company would like to state that at this juncture the Proposed Decision is not final or conclusive. MyCC has in its press statement dated Aug 5, 2022, highlighted that its findings are provisional and it should not be assumed that any enterprise has broken the law at this stage,” MFM added. — TMR / pic source: dindingspoultry.com.my