KUALA LUMPUR (Oct 17): The Malaysia Competition Commission (MyCC) has given PPB Group Bhd’s unit a second extension to submit its written representation in response to the commission’s proposed decision on the poultry feed price fixing allegations.

PPB said its 80%-owned subsidiary FFM Bhd has been granted an additional two months, up to Dec 19, to submit its written representation to the proposed decision.

The extension was granted because MyCC had issued both an amended and supplementary proposed decision, said PPB in a bourse filing.

“MyCC has… issued an amended proposed decision to reflect certain changes to the documents in the footnotes and annex 1 of the original proposed decision, and a supplementary proposed decision to reflect additional evidence and MyCC’s findings,” the diversified conglomerate said.

Prior to this, MyCC had granted FFM a one-month extension to Oct 21, from the initial deadline of Sept 20, to submit its written submission.

Two other feed millers of listed companies involved in the allegations levied by MyCC ― Malayan Flour Mills Bhd's (MFM) partially-owned Dindings Poultry Development Centre Sdn Bhd and Leong Hup International’s wholly-owned subsidiary Leong Hup Feedmill Malaysia Sdn Bhd (LFM) ― were also given additional extensions of time by the commission.

MFM and Leong Hup on Oct 12 and 14 respectively, had announced that MyCC extended Dindings and LFM’s deadline to submit their written representations to Dec 19, from the previously pushed-back deadline of Oct 21.

MyCC issued its proposed decision against FFM, Dindings, LFM and two other feed millers on Aug 5, saying that 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 Gold Coin Feedmills (M) Sdn Bhd (under Gold Coin Group) and PK Agro-Industrial Products (M) Sdn Bhd (under CP Malaysia).

Shares in PPB finished 14 sen or 0.88% higher at RM15.98 on Monday (Oct 17), giving the group a market capitalisation of RM22.73 billion.

Read also:
PPB subsidiary secures one-month extension to submit written representation over MyCC's proposed decision
Leong Hup unit gets another extension to respond to MyCC's poultry feed price-fixing allegations