KUALA LUMPUR (Oct 29): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday:

Capital A Bhd (KL:CAPITALA) said all conditions for its aviation restructuring have been met or waived, allowing all AirAsia-branded airlines to be consolidated under AirAsia X Bhd (KL:AAX). This follows AAX and its Thai partner agreeing to buy out minority shareholders of Asia Aviation (AAV), the operator of Thai AirAsia, rather than seeking a waiver. This move is key for Capital A to exit its Practice Note 17 status. The group said the share sale and purchase agreements for the proposed disposals have become unconditional as of Oct 29. — Capital A clears final hurdle to consolidate AirAsia airlines under AAX in PN17 exit plan

Faced with court action, KNM Group Bhd (KL:KNM) said it plans to seek shareholders’ approval to adjourn a meeting to vote on selling its German unit, Deutsche KNM GmbH, for €270 million (RM1.34 billion) to Nov 6, 2025 — a day after its scheduled delisting. KNM said the High Court hearing on Bursa Malaysia Securities’ legal action does not stop the extraordinary general meeting (EGM) set for Oct 30, 2025. However, the EGM chairman will propose adjourning the meeting, with shareholders deciding on the motion at the meeting. — KNM to seek shareholder approval to postpone German unit sale vote until after delisting

IJM Corp Bhd (KL:IJM) has bagged a RM873.9 million contract for the mechanical and electrical fit-out works of a hyperscale data centre at the Elmina Business Park, Selangor. The contract was awarded by Pearl Computing Malaysia Sdn Bhd, a subsidiary of Raiden APAC Pte Ltd, to its wholly-owned unit IJM Construction Sdn Bhd. The build-only contract is slated to commence in the third quarter of 2026, with completion targeted in the first quarter of 2028. — IJM lands another data centre contract at Elmina Business Park, this time worth RM874m

YTL Corporation Bhd’s (KL:YTL) subsidiary, YTL Hotels and Properties Sdn Bhd, has made investments amounting to NZ$160 million (RM388 million) as it acquired the 225-room Hotel Indigo in Auckland, marking its first hotel investment in New Zealand. — YTL Corp unit makes first hotel investment in New Zealand with RM388m deal

Infomina Bhd (KL:INFOM) said its Philippine unit faces a RM225.67 million counterclaim from the Bank of the Philippine Islands, following Infomina’s own suit over alleged wrongful contract termination in September 2022.  The counterclaim comprises an “unprecedented” three billion Philippine pesos (RM212.66 million) claim for exemplary damages,173.48 million pesos (RM12.3 million) as a refund for fees, and 10 million pesos (RM710,000) for legal fees. — Infomina hit with RM225.7m counterclaim in suit against Bank of Philippine Islands

Perak Corp Bhd (KL:PRKCORP), a financially troubled developer, has been queried by the exchange regulator over unusual market activity that lifted its stock to an over a six-year high. Bursa Malaysia has asked the state-controlled firm to confirm whether there were any unannounced corporate developments, negotiations, rumours, reports, or other possible explanations for the surge in trading activity. — Perak Corp gets unusual market activity query as share price tops six-year high

Microlink Solutions Bhd (KL:MICROLN) said its external auditor has issued a qualified opinion involving the group’s write-off of software development expenditure totalling RM76.07 million for its extended 15-month financial year ended June 30, 2025 (FY2025). — Auditor flags Microlink’s RM76m software write-off with qualified opinion

DXN Holdings Bhd’s (KL:DXN) net profit grew 6.5% to RM70.26 million in the second quarter ended Aug 31, 2024 (2QFY2026) despite lower revenue, thanks to lower expenses. Quarterly revenue slipped 1.5% to RM481.2 million from RM488.43 million. DXN declared a second interim dividend of 0.8 sen, to be paid on Nov 28. — DXN’s 2Q profit up 6.5% despite lower sales, declares 0.8 sen dividend

KIP Real Estate Investment Trust’s (KL:KIPREIT) net property income surged 51% for the first quarter ended Sept 30 (1QFY2026) to RM29.72 million from RM19.67 million a year earlier, driven by its newly acquired assets. Revenue jumped 52.6% to RM40.77 million from RM26.71 million previously. The REIT declared a distribution per unit of 1.8 sen. — KIP REIT’s 1Q net profit surges 51%, eyes more acquisition