LPI

12.560

-0.18 (-1.4%)

OTHERS DECISION OF THE COMPETITION APPEAL TRIBUNAL, MALAYSIA PURSUANT TO SECTION 58 OF THE COMPETITION ACT 2010

LPI CAPITAL BHD

Type Announcement
Subject OTHERS
Description
DECISION OF THE COMPETITION APPEAL TRIBUNAL, MALAYSIA PURSUANT TO SECTION 58 OF THE COMPETITION ACT 2010

Relating to our earlier announcements dated 23 February 2017 and 30 September 2020 on the above matter, Lonpac Insurance Bhd (Lonpac), a wholly-owned subsidiary of LPI Capital Bhd (LPI), had received a letter dated 6 September 2022 from Competition Appeal Tribunal (CAT) on their decision made on 2 September 2022 pursuant to Section 58 of the Competition Act 2010 in relation to the appeals filed by Lonpac and other appellants against the final decision of Malaysia Competition Commission (MyCC) dated 14 September 2020.

 

CAT had unanimously decided and ordered the following :-

 

  1. That all the Appeals be allowed and the whole of the final decision of MyCC dated 14 September 2020 be set aside; and
  2. That there be no order as to costs for all the appeals.

 






Announcement Info

Company Name LPI CAPITAL BHD
Stock Name LPI
Date Announced 23 Sep 2022
Category General Announcement for PLC
Reference Number GA1-13092022-00034