KUALA LUMPUR (April 3): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Steel products maker Mayu Global Group Bhd (KL:MAYU) said its executive director Tan Kim Hee has been detained by the police. He was held by Bukit Aman police on April 2 to assist in an ongoing investigation, said the group, formerly known as Atta Global Group Bhd. The company has not been informed whether the probe is related to the group, and the nature of the investigation remains unknown. — Mayu Global executive director Tan Kim Hee detained by police

Builder Tuju Setia Bhd (KL:TJSETIA) has bagged a contract worth RM264.07 million for the construction of serviced apartments in Cheras, Selangor. The job involves the construction of four blocks of apartments of between 30 and 37 storeys high and one block of a five-storey podium with shop offices. The project was awarded by Danau Saujana Sdn Bhd, a subsidiary of MKH Bhd (KL:MKH), and is expected to be completed within 34 months. — Tuju Setia bags RM264 mil job from MKH to build serviced apartments

Loss-making Iskandar Waterfront City Bhd (KL:IWCITY) has been given a six-month extension until Sept 23 to submit its regularisation plan from the original deadline of March 24. The extension, however, does not limit Bursa Securities’ right to suspend trading in IWCity’s shares or to delist the company if specific conditions are not met. These conditions include failure to submit the regularisation plan by the new deadline, failure to obtain regulatory approvals, or failure to implement the plan within the allowed timeframe. — Iskandar Waterfront City gets six-month extension to submit regularisation plan

Tenaga Nasional Bhd (TNB) (KL:TENAGA) will implement its TNB Fire Relief Assistance programme, offering a one-off 100% rebate on one month’s electricity bill for customers whose homes were affected by the gas pipeline blaze in Putra Heights, Subang Jaya. TNB, in a statement, said this rebate will be based on the March 2025 billing and will be credited directly to their electricity bills for April 2025. — TNB announces 100% electricity bill rebate for Putra Heights fire victims

HHRG Bhd (KL:HHRG) said its 51%-owned subsidiary, MG Furniture Sdn Bhd, has applied for an interim injunction to restrain four directors from interfering in its operations and accessing its premises in Penang. The four are MG Furniture’s managing director Ch'ng Chen Mong, director Tan Poh Cheng, production manager Ch'ng Boon Sin, and finance and human resource manager Sau Hwee Fern, the biomass material manufacturer said. A week ago, MG Furniture had suspended Chen Mong, Boon Sin and Sau from their roles amid an ongoing legal dispute between HHRG and another company, Cfamillie Holdings Sdn Bhd, regarding MG Furniture. Chen Mong is the head of the Ch’ng family which owns the largest stake in HHRG through the family’s private vehicle, Cfamillie Holdings. Boon Sin is his son. — HHRG furniture unit seeks injunction to bar directors from accessing premises