KUALA LUMPUR (April 2): Here is a brief recap of some corporate announcements that made the news on Wednesday.

Petronas Gas Bhd (KL:PETGAS) announced that the gas leak fire in Putra Heights was successfully contained, with the affected pipeline isolated by 4pm on the same day. The company is still assessing the financial and operational impact and will provide further updates as necessary. An MIDF Research analyst has estimated the potential impact on Petronas Gas to range between RM18 million and RM25 million. This estimate includes revenue loss from the affected pipeline (10%-15%), repair costs (25%-30%), public compensation (25%-35%), and reputational management. — Gas pipeline blaze: Petronas Gas, Gas Malaysia’s shares open marginally lower after trading halt

Meanwhile, Gas Malaysia Bhd (KL:GASMSIA) announced that it has reduced gas supply to several areas to manage disruptions following the temporary closure of gas facilities due to the gas pipeline blaze in Putra Heights on April 1. The company has assured that this incident will not have a material impact on its earnings for the current financial year. — Gas pipeline blaze: Gas Malaysia reduces supply to some areas, assures minimal impact on earnings

IJM Corp Bhd’s (KL:IJM) commercial property at 25 Finsbury Circus, London, has secured international law firm Simmons & Simmons LLP as its anchor tenant under a 20-year lease. The agreement will see the firm occupy 62% of the building, with an option to expand up to 80%. — IJM secures Simmons & Simmons as anchor tenant at 25 Finsbury Circus, London

Rohas Tecnic Bhd’s (KL:ROHAS) 86.8%-owned subsidiary HG Power Transmission Sdn Bhd has won an arbitration case against the Power Grid Company of Bangladesh Ltd (PGCB). However, the awarded sum of US$1.89 million (RM8.407 million) was significantly lower than the US$5.737 million initially claimed. — Rohas Tecnic wins partial award in arbitration proceedings against Bangladesh firm

T7 Global Bhd (KL:T7GLOBAL) stated that to the best of its board’s knowledge, there is no ongoing investigation into the company. Additionally, it clarified that it had only received Tan Sri Tan Kean Soon’s resignation letter and that he had not informed the company of any investigation. — T7 Global: No ongoing investigation into company

The major shareholders of ICT Zone Asia Bhd (KL:ICTZONE), which is in the process of transferring from the LEAP Market to the ACE Market, have successfully completed their exit offer for shares they did not previously own. As a result, their joint shareholding has increased to 65.28%, from 64.57%. — ICT Zone Asia concludes exit offer with little change to joint offerors' stake

Capital A Bhd (KL:CAPITALA) has been granted an extension until April 15 to issue the shareholder circular for its Practice Note 17 regularisation plan. The plan includes a share capital reduction of up to RM6 billion to reduce the company’s accumulated losses and the reorganisation of its business units. — Capital A given until April 15 to issue shareholder circular on regularisation plan

YNH Property Bhd (KL:YNHPROP) expects the independent review of its joint venture (JV) and turnkey contracts to be ready by April 9, following concerns raised by former external auditor Baker Tilly Monteiro Heng PLT. The audit firm had issued a qualified opinion on RM1.1 billion paid to JV parties or landowners for property development, highlighting potential undisclosed related party transactions in its FY2023 audited financial statement. — YNH Property expects independent review of contracts to be completed by April 9

OCK Group Bhd (KL:OCK) has stated that the recent earthquake in Myanmar caused only minimal damage to its tower network, with just four sites affected and no disruption to service. 90% of its tower sites are situated in rural and suburban areas, far from the earthquake’s epicenter in northern Myanmar near Mandalay. — OCK Group says Myanmar quake caused minimal damage, only four towers affected