Quick take: LTKM slides on charges for raising egg prices

TheStar Fri, Apr 05, 2019 09:38am - 5 years View Original


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.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

BURSA 7.370
LTKM 1.510

Comments

Login to comment.