KUALA LUMPUR (April 21): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

While NexG Bhd (KL:NEXG) executive chairman Datuk Ishak Ismail had previously disclosed that Bestinet Sdn Bhd founder Datuk Aminul Islam Abdul Nor held a call option over Datuk Abu Hanifah Noordin’s stake in the company, he has now granted Abu Hanifah put options to sell that same block to him, while also securing matching call options over the 323.71 million shares. Abu Hanifah, who is deputy executive chairman and group CEO of NexG, granted Ishak call options over three tranches totalling 323.71 million shares, equivalent to his entire direct 9.278% stake in the company. Separately, Ishak granted Abu Hanifah put options over the same number of shares and on corresponding terms. — NexG’s largest shareholder Ishak Ismail gains option route to co-founder Abu Hanifah's stake

Karex Bhd (KL:KAREX), the world's top condom producer, plans to raise prices by 20% to 30% and possibly further if supply chain disruptions drag on due to the Iran war, its chief executive said. Karex is also seeing a surge in condom demand as rising freight costs and shipping delays have left many of its customers with lower stockpiles than usual, CEO Goh Miah Kiat told Reuters in an interview. "The situation is definitely very fragile, prices are expensive... We have no choice but to transfer the costs right now to the customers," Goh said. — World's top condom maker Karex to raise prices sharply as Iran war strains supply chain

GrandCape (M) Sdn Bhd, a joint venture of Cape EMS Bhd (KL:CEB) and New Grand Tech (HK) Ltd, is expected to generate US$7 million (RM27.68 million) in revenue per month with four current flexible flat cable (FFC) production lines. Cape EMS managing director and group CEO Christina Tee Kim Chin said the four production lines have covered 70% of market demand. GrandCape serves as a dedicated manufacturing and engineering platform for FFC, advanced electronic, artificial intelligence data centre and battery energy storage system interconnect solutions. — Cape EMS' JV eyes US$7m monthly revenue from four flexible flat cable production lines

Steel Hawk Bhd (KL:HAWK) has initiated legal action against a former project partner and four others over alleged breaches of trust, misappropriation of funds and fraudulent misrepresentations linked to an engineering collaboration involving projects for Tenaga Nasional Bhd (TNB) (KL:TENAGA). The group is seeking at least RM14.39 million in the lawsuit filed by wholly-owned unit Steel Hawk Engineering Sdn Bhd against Ibrahim & Sons Engineering Sdn Bhd, Always Ahead Engineering Sdn Bhd and three individuals, namely Zafrin Ibrahim, Zulkflee Ibrahim and Khaeromze Ahmad. Steel Hawk said the suit stemmed from a collaboration agreement signed in July 2025, under which Ibrahim & Sons were to act as the main contractor for several engineering projects relating to TNB, while Steel Hawk Engineering would provide working capital and funding in return for repayment and profit-sharing. — Steel Hawk takes ex-partner to court, seeks RM14m over alleged fraud, breaches of trust

Uchi Technologies Bhd (KL:UCHITEC) is raising capital expenditure this year even as the firm is wary of currency swings from global geopolitical and economic uncertainties. The focus will be on preserving margins, optimising working capital and maintaining operational efficiency, Uchi Technologies said in its annual report released on Tuesday. To support the efforts, the firm is spending RM5 million on equipment upgrades as well as on its facilities and systems. — Uchi Technologies raising capital spending as it keeps close eye on currency swings

The Employees Provident Fund (EPF) is no longer a substantial shareholder of Sunway Healthcare Holdings Bhd (KL:SUNMED), after reducing its stake to below 5%. Sunway Healthcare said the EPF sold one million shares on April 16 for about RM1.83 million. After the sale, the EPF holds about 574.97 million shares in the company. The EPF emerged as a substantial shareholder on March 18, the listing date for Sunway Healthcare, with a 5.13% stake after acquiring 62.971 million shares by distribution of dividend-in-specie, 499.808 million shares during the IPO, and another 34.605 million shares before disposing of 7.57 million shares. — EPF ceases to be substantial shareholder of Sunway Healthcare

Chin Hin Group Property Bhd (KL:CHGP) has decided not to proceed with the remaining portion of its private placement exercise after the expiry of the extended implementation period. The property developer would not seek a further extension of time, which means that the company will not proceed with raising the remaining funds after securing RM73.9 million out of the planned RM105 million from the placement. The private placement, first announced in February 2024, aimed to raise up to RM105 million through the issuance of up to 132 million new shares, representing 20% of the group's enlarged share base. — Chin Hin Group Property halts private placement after partial completion

CIMB Group Holdings Bhd’s (KL:CIMB) 94.83%-owned subsidiary CIMB Thai Bank PCL posted an 8.4% increase in net profit for the first quarter, driven by lower expected credit losses and operating expenses. Net profit rose to 908.2 million Thai baht (about RM112.09 million) for the three months ended March 31, 2026, from 838.1 million Thai baht (about RM103.46 million) a year earlier. Expected credit losses fell 21.1% year-on-year to 654.03 million Thai baht, while operating expenses edged down 0.6% to 1.7 billion Thai baht, mainly due to lower employee-related costs. — CIMB Thai’s 1Q profit rises 8.4% on lower credit losses, opex

Enra Group Bhd (KL:ENRA) has signed a memorandum of understanding with Boustead Holdings Bhd (BHB) to explore maintenance, repair and overhaul services for naval propulsion and power systems, as well as support for Royal Malaysian Navy vessels throughout their lifecycle. The energy logistics, property and maintenance, repair and overhaul company counts the late Tun Abdullah Ahmad Badawi’s son Tan Sri Kamaluddin Abdullah as its largest shareholder with a 12.24% interest, via ABK Holdings Sdn Bhd. Enra said its 70%-owned unit Enra Energy Solutions Sdn Bhd signed the MOU with BHB to collaborate on targeted naval projects, including joint participation in tenders, sharing of technical expertise and coordinated business development efforts.  — Enra Group, linked to late Pak Lah's son, inks MOU with Boustead Holdings on MRO services

Separately, Uzma Bhd (KL:UZMA) has inked a MOU with Boustead Holdings Bhd to assess a potential collaboration in satellite-based communications and geospatial data, particularly for defence and security applications. Uzma said the agreement was signed by its wholly-owned unit Uzma Space and Defence Sdn Bhd. Both parties will evaluate opportunities involving satellite communications, Earth observation, geospatial intelligence solutions for defence, government and critical infrastructure uses.  — Uzma and Boustead Holdings ink MOU for defence-related satellite, geospatial solutions