New Britain Palm Oil Limited (NBPOL)

ICCC to start investigation into Markham Farming Company’s acquisition

In a statement, the ICCC advised that even though MFCL and NBPOL announced that the acquisition was completed on 23rd August, 2018, both parties never obtained a clearance or an authorisation from them. 

ICCC Commissioner and CEO, Paulus Ain, said it is important for businesses to apply for clearance or authorisation from the ICCC to safeguard the concerned parties from potential legal action from the ICCC or any aggrieved third parties under the ICCC Act.