KUALA LUMPUR (April 14): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:

Practice Note 17(PN17) company Reach Energy Bhd (KL:REACH) will have its shares suspended on April 22 and may be delisted on April 24 after Bursa Malaysia rejected its third request for more time to submit a regularisation plan, citing lack of progress. The company can appeal by April 21, but trading will still be suspended. — Reach Energy faces trading suspension, possible delisting, as regularisation plan deadline extension rejected

Cahya Mata Sarawak Bhd (KL:CMSB) said its unit, Cahya Mata Cement, is still awaiting Sarawak government's approval to begin construction of its second clinker production line in Mambong. Slated for completion in March 2027, the project will double its annual clinker output to 1.92 million tonnes. — Cahya Mata awaiting Sarawak govt nod for second clinker line

Able Global Bhd (KL:ABLEGLOB) said it has received a letter from the Malaysian Anti-Corruption Commission (MACC) confirming the conclusion of its investigation into the company and its CEO, Edward Goh Swee Wang, with no prosecution to be pursued. — Able Global says no charges for the group, CEO after MACC concludes probe

Electrical engineering firm Pestech International Bhd (KL:PESTEC) said it has failed to stop arbitration over a guarantee related to a terminated subcontract for the Gemas-Johor Bahru double-track rail project. Its unit, Pestech Technology Bhd (PTECH), had its bid to halt the proceedings dismissed by the High Court, which instead allowed Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd’s (YTL Construction) application to stay the arbitration. Pestec plans to appeal the decision at the Court of Appeal. — Pestec fails to block arbitration over its guarantee in terminated Gemas-JB rail project subcontract

Wisma Majujaya Sdn Bhd has filed a winding-up petition against Bina Puri Holdings Bhd (KL:BPURI) at the High Court over Bina Puri’s failure to pay RM30 million awarded in a summary judgment earlier this year. In the petition, signed by director Datuk Tan Hock Kien, Wisma Majujaya seeks to wind up Bina Puri under the Companies Act 2016, appoint itself as liquidator and have the petition costs paid from Bina Puri’s assets. — Majujaya files petition to wind up Bina Puri for failure to pay RM30m awarded by court

Jentayu Sustainables Bhd’s(KL:JSB) 70%-owned subsidiary, Oriole Hydro Padas Sdn Bhd (OHP), has signed a 40-year power purchase agreement with Sabah Electricity Sdn Bhd (SESB) for a 162 MW hydroelectric project in Hulu Sungai Padas, Sipitang, Sabah, worth RM2.8 billion. The agreement outlines a build-own-operate-transfer structure, with operations set to begin on June 1, 2029. The project is expected to generate RM300 million in annual revenue, with SESB purchasing up to 868,894 MWh annually. — Jentayu signs 40-year power purchase agreement for RM2.8b 162MW Sabah hydropower project