KUALA LUMPUR (April 2): Here is a brief recap of the key corporate news and announcements on Thursday:

Sunway Bhd (KL:SUNWAY) founder Tan Sri Jeffrey Cheah Fook Ling has called on the shareholders of IJM Corp Bhd (KL:IJM) — particularly government-linked investment funds — to evaluate Sunway's takeover bid objectively, and not be influenced by race-based attacks against the deal made by certain quarters on social media. — Jeffrey Cheah urges GLICs to evaluate Sunway's IJM bid objectively

Meanwhile, the Malaysian Anti-Corruption Commission has submitted investigation papers on the takeover bid to the Attorney General’s Chambers for further action. “This investigation has been completed, and we leave it to the deputy public prosecutor to make a decision,” said MACC chief commissioner Azam Baki. He was responding to questions about a claim by Sunway on March 26 that the company had received notification from the MACC that its takeover bid has been cleared. — Probe into Sunway's takeover offer for IJM completed, papers now with attorney general, says Azam Baki

The privatisation of DKSH Holdings (Malaysia) Bhd (KL:DKSH) has fallen through after minority shareholders rejected the buyout offer at Thursday’s EGM. Singapore‑based Pangolin Investment Management Pte Ltd was among 100 shareholders representing two‑thirds of the votes who opposed the RM6.15 per share proposal from Switzerland‑based DKSH Holding Ltd. Only 51 of 151 shareholders supported the deal. By value, 87.47% voted against, while 12.53% voted in favour. With the rejection, DKSH Malaysia will remain listed, as the offer failed to meet the required approval thresholds under Bursa Malaysia’s rules. — DKSH buyout bid falls through after minority shareholders reject offer

UEM Group Bhd is set to privatise UEM Edgenta Bhd (KL:EDGENTA) after shareholders approved a selective capital reduction at Thursday’s EGM, with 97.09% voting in favour and only 1.33% against. The move will raise UEM Group’s stake from 69.14% to 100% via a RM282 million cash payout, paving the way for Edgenta’s delisting by early July. — UEM Edgenta shareholders green-light privatisation, delisting by July

MN Holdings Bhd (KL:MNHLDG) has secured a RM128 million contract to build a 275kV consumer landing station for a data centre in Peninsular Malaysia. Awarded to its unit MN Power Transmission Sdn Bhd, the project covers construction, supply, installation, testing and commissioning. Work began on Feb 10, 2026, with completion slated for Dec 17, 2026. — MN Holdings bags RM128m contract for data centre's consumer landing station

Dialog Group Bhd (KL:DIALOG) will hold a 25% stake in the Cendramas field PSC off Peninsular Malaysia, commencing Sept 23 for 20 years. The stake will be via its wholly-owned Dialog Resources Sdn Bhd. UK-based EnQuest Petroleum Production Malaysia Ltd will also hold 25%, while Medco Asia Pacific Ltd, part of Indonesia’s Medco Energi Internasional, owns 50% as operator. — Dialog takes 25% stake in Cendramas production sharing contract

Tenaga Nasional Bhd (KL:TENAGA) is partnering with the Perak government under its Hydro Life Extension Programme (HLEP) to refurbish major hydro stations along the Temengor-Bersia-Kenering corridor at a cost of RM5.8 billion. The initiative, led by partnership with consortium of Voith Hydro and HeiTech Padu Bhd (KL:HTPADU), will boost generation capacity to 650.75MW, enhancing efficiency and reinforcing Perak’s clean energy role. — TNB invests RM5.8 bil to refurbish Perak hydroelectric stations in partnership with state govt

Bintai Kinden Corp Bhd (KL:BINTAI), which lost Tenaga contracts in 2023 after entering PN17 status, has secured its first post-recovery Tenaga deal — a RM44.65m electrical project in Bukit Tengah, Penang. Awarded to wholly-owned unit KBK, the project involves asset replacement and installing a new 240MVA autotransformer at the Bukit Tengah substation. — Bintai Kinden wins first Tenaga contract post-PN17 exit

Lotte Chemical Titan Holding Bhd (KL:LCTITAN) has disclosed further details of the RM130 million legal dispute with Petroleum Logistic Services Sdn Bhd (PLS). In 2019, Lotte Chemical Titan (M) Sdn Bhd (LCTM) appointed PLS as the exclusive distributor for selected chemical products in Malaysia. Under the agreement, LCTM sold products to PLS for onward sale to end-customers, with customers required to pay LCTM directly despite invoices being issued by both parties. But PLS then sought to revise commission rates upward and redirect payments from end-customers through PLS instead of directly to LCTM. LCTM rejected these proposals. In July 2025, PLS stopped issuing invoices to end-customers. Following the impasse, LCTM terminated the distributorship agreement in August 2025 which took effect in October. This then sparked arbitration and litigation. — Lotte Chemical Titan details RM130m litigation risk over distributor dispute

Chin Hin Group Property Bhd (KL:CHGP) has withdrawn its bid for a six‑month extension to complete a RM105 million private placement, a day after filing the request. The exercise’s deadline falls on April 21, following three prior extensions. In a bourse filing, the group cited prevailing market uncertainties and the viability of alternative funding options. — Chin Hin Group Property pulls request for fourth placement extension, citing market uncertainties

NexG Bhd (KL:NEXG) has appointed Datuk Ramli Din, 64, and Mohamad Tirmizi Ishak, 30, as non‑executive directors, a day after two board resignations. Ramli, a former senior police official, retired in 2022 after 35 years of service. Tirmizi, NexG executive chairman Datuk Ishak Ismail’s son, previously worked in banking and held management roles across property, F&B, tech start‑ups and investment firms. — Police veteran Ramli Din, Ishak’s younger son Tirmizi join NexG’s board