KUALA LUMPUR (Oct 14): The Malaysia Competition Commission (MyCC) has granted Leong Hup International Bhd's unit another extension to submit its representation in response to the watchdog's proposed decision on poultry feed price-fixing.

The poultry player said MyCC has extended the deadline for its wholly owned subsidiary, Leong Hup Feedmill Malaysia Sdn Bhd, to file its written representations to Dec 19.

This came after LFM received MyCC's amended proposed decision and supplementary proposed decision on Tuesday (Oct 11), Leong Hup said in a bourse filing.

The MyCC had previously granted LFM a one-month extension to Oct 21, from the initial deadline of Sept 20, to submit its written submissions.

MyCC issued its proposed decision against LFM and four other feed millers on Aug 5, saying it had provisionally found them to have infringed the Competition Act 2010.

The proposed decision is premised on the allegation that they had entered into anti-competitive agreements or concerted practices in increasing the price quantum of poultry feed that contained soybean and maize as its main ingredient, between early 2020 and mid-2022.

The other feed millers are Malayan Flour Mills Bhd's partially owned Dindings Poultry Development Centre Sdn Bhd, PPB Group Bhd's 80%-owned FFM Bhd, Gold Coin Feedmills (M) Sdn Bhd (under Gold Coin Group), and PK Agro-Industrial Products (M) Sdn Bhd (under CP Malaysia).

Leong Hup's share price closed 1.11% or half a sen higher at 45.5 sen on Friday (Oct 14), giving the group a market capitalisation of RM1.64 billion.

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Leong Hup unit granted one-month extension to submit representation over poultry feed price-fixing allegations