Quick take: LTKM slides on charges for raising egg prices
KUALA LUMPUR: LTKM Bhd shares were lower early Friday morning, down 2.5%, after announcing that it would be charged with raising the margins of its grade A egg prices
The poultry company, one of the top losers on Bursa Malaysia, fell three sen, or 2.54% to RM1.15.
LTKM’s unit LTK (Melaka) Sdn Bhd is to be charged for increasing the margins of its grade A egg prices by 17.46% and therefore committing an offence under the Price Control and Anti-Profiteering Act 2011.
LTKM said it was issued with a summons on March 29 to appear in the Melaka Sessions Court.
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