<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 22): ITMAX System Bhd (KL:<a href="/askedge/klse/5309" class="ce-stock" target="_blank">ITMAX</a>) has secured a RM14.4 million contract from Railway Assets Corp (RAC) to upgrade and maintain closed-circuit television (CCTV) infrastructure across RAC’s railway network.</p></div>

<div class=newsTextDataWrapInner><p>RAC is a federal statutory body under the Transport Ministry that manages, administers and develops the country’s railway assets.</p></div>

<div class=newsTextDataWrapInner><p>This marks the third contract secured by ITMAX in August. Earlier this month, the group bagged two smart parking system contracts from Shah Alam City Council and Subang Jaya City Council via its 70%-owned subsidiary Selmax Sdn Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a Bursa Malaysia filing, ITMAX said it had accepted the letter of acceptance from RAC, with both parties set to enter into a formal agreement for the provision of services.</p></div>

<div class=newsTextDataWrapInner><p>The 68-month contract begins on Sept 1, 2025, and comprises an initial eight-month installation phase followed by a 60-month leasing phase.</p></div>

<div class=newsTextDataWrapInner><p>ITMAX will be liable for liquidated damages of either base lending rate +1% of the contract value per day or RM3,028.50 per day for any delay in project delivery.</p></div>

<div class=newsTextDataWrapInner><p>At the midday break on Friday, ITMAX shares were unchanged at RM4.28, giving the group a market capitalisation of RM4.42 billion. Year to date, the counter has risen nearly 16%.</p></div>


ITMAX System Bhd (KL:ITMAX) has secured a RM14.4 million contract from Railway Assets Corp (RAC) to upgrade and maintain closed-circuit television (CCTV) infrastructure across RAC’s railway network.

ITMAX wins RM14m contract for Railway Assets Corp's CCTV upgrade

Here is a brief recap of some business news and corporate announcements that made headlines on Tuesday.

Yinson, Gamuda, SD Guthrie, AEON Credit, UMS Integration, Kelington, Vantris, Supermax, Apollo, VS Industry, Sern Kou

Kim Loong Resources Bhd’s (KL:KMLOONG) second-quarter net profit dropped 5%, weighed down by lower fresh fruit bunch (FFB) production and reduced crude palm oil (CPO) sales volume.

Kim Loong's 2Q profit drops 5% on lower FFB, palm oil sales

The benchmark S&P 500 was flat on Tuesday, as rising government bond yields hurt risk sentiment and offset gains in AI-related stocks driven by optimism about Anthropic's plan to go public.

S&P 500 flat as higher bond yields counter tech optimism

OpenAI's annual recurring revenue is nearing US$70 billion (RM285.4 billion) as enterprise sales more than doubled since July, Axios reported on Tuesday, citing sources familiar with the financials of the start-up.

OpenAI's annual recurring revenue nears US$70b — report

US President Donald Trump will meet on Tuesday with tech executives including Meta CEO Mark Zuckerberg, Google's Sundar Pichai and Anthropic's Dario Amodei to discuss AI, as calls ramp up for more regulation of the fast-developing technology.

Trump to host Anthropic's Amodei, Nvidia's Huang, other AI execs, as fears mount

US job openings fell in August, but layoffs remained low, pointing to a stable labour market.

US job openings fall in August; layoffs remain low

US consumer confidence fell in September to the lowest level since 2014 as pessimism grew about the economy and the labour market.

US consumer confidence plunges to lowest level since 2014

The interim report on the implementation of the Felda Group Strategic Roadmap 2025–2030 was submitted to Prime Minister Datuk Seri Anwar Ibrahim on Sept 25.

Interim report on Felda’s strategic roadmap submitted to PM on Sept 25 

Sern Kou Resources Bud (KL:SERNKOU) said on Tuesday that its will wind down its plywood manufacturing unit due to continuous quarterly loses since the financial year ended June 30, 2024 (FY2024).

Sern Kou to wind down loss-making plywood manufacturing unit 

Careplus Group Bhd (KL:CAREPLS) plans to raise up to RM29.78 million through a rights issue to help fund the ongoing construction of the group's energy vehicle manufacturing hub in Chembong, Negeri Sembilan.

Careplus plans rights issue to raise up to RM30 mil to fund energy vehicle hub

<p>Supermax Corp Bhd (KL:SUPERMX) co-founders Datuk Seri Stanley Thai and wife Datuk Wira Cheryl Tan Bee Geok have resolved the legal wrangle over their company that holds their interests in the glove manufacturer.</p>


Supermax co-founders agree to wind up holding firm, to hold stakes directly  

<p>The High Court has granted an interim (temporary) stay sought by businessman Datuk Seri Mahmud Abu Bekir Taib, over an order to pay RM41.8 million in additional assessments and penalty imposed by the Inland Revenue Board (IRB) for the years 2021 to 2024 that had been issued on him in June this year.</p>


High Court grants Mahmud Abu Bekir stay from paying RM41.8m additional taxes, penalty

<p>Gamuda Bhd (KL:GAMUDA) closed its financial year ended July 31, 2026 (FY2026) with a net profit topping RM1 billion for the second straight year, as its construction order book reached a record high.</p>


Gamuda's annual net profit tops RM1b for second straight year, order book hits RM61b

<p>UMS Integration Ltd (KL:UMSINT) is seeking to raise up to RM450 million through a placement representing 5.63% of its enlarged share capital, to fund projects in Penang, Malaysia, as well as expansion in Vietnam and Singapore.</p>


UMS Integration seeks to raise RM450m via placement for Penang, Vietnam and Singapore expansion

<p>VS Industry Bhd (KL:VS) posted its first full-year loss since it was listed in 1998, dragged down by lower orders placed by key customers amid weak global consumer sentiment.</p>


VS Industry records first full year loss on lower orders

<p>Crescendo Corp Bhd's (KL:CRESNDO) net profit more than quadrupled in the second quarter due to the sale of two parcels of land in Johor to data centre developers.&nbsp;</p>


Crescendo’s 2Q net profit surges over fourfold to RM70.6m, declares 2 sen dividend  

<p>Scientex Bhd (KL:SCIENTX) is acquiring a 70% stake in Hunan Changcheng Mint New Material Technology Co Ltd (Mintpack), a plastic packaging manufacturer in China’s Hunan province, for 167.3 million yuan (RM101.5 million), as it seeks to expand its footprint in China.</p>


Scientex to acquire 70% stake in China plastic packaging maker for RM101.5m

<p>SNS Network Technology Bhd's (KL:SNS) second-quarter net profit declined 37.3%, weighed down by lower sales and higher expenses.</p>


SNS Network's 2Q profit down 37% on higher costs and delivery delays, declares  0.25 sen dividend

<p>Here is a brief recap of some business news and corporate announcements that made&nbsp;headlines on Tuesday.</p>


<p>On Sept 28, Malaysia said goodbye to Tun Dr Siti Hasmah Mohd Ali.</p>


Opinion: The quiet place beside history — Remembering Tun Dr Siti Hasmah Mohd Ali, 1926–2026

<p>Palm oil could trade at a premium to soyoil in 2027 as El Niño threatens production and rising biodiesel demand in top exporter Indonesia tightens supplies, a senior industry official told <em>Reuters </em>on Tuesday.</p>


Palm oil may gain premium over soyoil in 2027 on supply risks, says industry official

<p>A witness on Tuesday denied that changing the term “advisory fee” in a project advisory agreement&nbsp;to “commission” in his witness statement was intended to enable the case involving Sayed Amir Muzzakkir Al Sayed Mohamad to be brought under the Malaysian Anti-Corruption Commission (MACC) Act.</p>


Witness denies changing 'advisory fee' to 'commission' to bring case of Hamzah's former secretary under MACC Act

<p>Johor-based property developer Faire Bhd is seeking to list on the ACE Market of Bursa Malaysia in order to raise funds for its expansion into industrial properties.</p>


Johor-based Faire files ACE Market IPO to expand into industrial properties

<p>China announced several steps to encourage banks to lend to targeted sectors including infrastructure and technology, in an attempt to juice growth after a months-long slowdown in the economy.</p>


China expands targeted lending to bolster economy, cuts PSL rate

<p>Fifty residents of Taman Sri Muda on Tuesday won a lawsuit against the government and several public authorities over the devastating floods that struck the area in December 2021.</p>


Taman Sri Muda residents win flood lawsuit against govt, several authorities

<p>Confectioner Apollo Food Holdings Bhd (KL:APOLLO) posted a 9.5% increase in net profit for its first quarter as stronger sales helped offset higher costs.</p>


Apollo Food 1Q profit up nearly 10% on strong sales 

<p>MNC Wireless Bhd (KL:MNC) said on Tuesday it is terminating the services of its advisers for its proposed capital reduction exercise of RM83 million.</p>


MNC Wireless switches out advisers for RM83m capital reduction exercise

<p>Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialisation, electricity and the internet, according to its IPO prospectus seen by <i>Reuters</i>.</p>


Anthropic's IPO prospectus shows sweeping AI vision, surging costs

<p>AEON Credit Service (M) Bhd (KL:AEONCR) reported a 18% drop in its net profit for the second quarter amid higher impairment losses on financing receivables.</p>


AEON Credit 2Q net profit drops 18% on higher impairment losses

<p>Anthropic said it expects to spend at least US$518 billion (RM2.1 trillion) over a decade building AI infrastructure with six partners, according to a confidential IPO prospectus seen by <i>Reuters</i> — a plan that ranks among the largest AI buildout commitments on record.</p>
