<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 17): Hextar Capital Bhd (KL:<a href="/askedge/klse/0035" class="ce-stock" target="_blank">HEXCAP</a>) has bagged a RM75.9 million sub-contract to undertake geotechnical and earth works for a housing project for &nbsp;families of armed forces personnel in Tawau, Sabah. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Tuesday, the group said the project at Kem Kabota will commence immediately and is expected to be completed within 12 months.</p></div>

<div class=newsTextDataWrapInner><p>Hextar Capital managing director Johnson Chang said the contract win marks a strategic advancement for the group as it accelerates its footprint in East Malaysia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Securing this major project serves as a pivotal step in establishing a stronger operational presence in Sabah,” Chang said. "The contract is expected to contribute positively to the group’s earnings."</p></div>

<div class=newsTextDataWrapInner><p>Hextar Capital shows a negative trailing 12-month earnings before interest tax depreciation and amortisation margins of 32.8%, according to AskEdge data</p></div>

<div class=newsTextDataWrapInner><p>Hextar Capital, formerly known as Opcom Holding Bhd, saw its share price close down half a sen or 2.44% at 20 sen on Tuesday, giving a market capitalisation of RM116 million.</p></div>


Hextar Capital Bhd (KL:HEXCAP) has bagged a RM75.9 million sub-contract to undertake geotechnical and earth works for a housing project for  families of armed forces personnel in Tawau, Sabah.

Hextar Capital bags RM76 mil earth works sub-contract in Tawau

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Marvell Technology Inc has reached a deal to buy data centre optics maker Lumentum Holdings Inc at an enterprise value of US$115 billion (RM466.4 billion), one of the biggest tech tie-ups ever, in a race to capitalise on the artificial intelligence (AI) boom.

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US manufacturing activity picked up in October, supported by the strongest production growth in nearly five years.

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Oracle plans to raise US$20 billion (RM81.4 billion) through bond and share sales, regulatory filings showed on Monday, as the software giant taps investors to fund its costly AI and cloud infrastructure build-out.

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Chinese regulators have rolled out a handful of measures, from conducting swap operations to upgrading a lending facility for stock buybacks by listed companies, as part of efforts to stabilise struggling capital markets.

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<p>Tony Lim, the founder of popular Malaysian food and beverage (F&amp;B) chains BananaBro and Boat Noodle, has died at the age of 47.</p>


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<p>The Seremban High Court on Monday ruled that the appointment of lawyers in private practice to represent Negeri Sembilan state secretary Datuk Mohd Zafir Ibrahim and the state government is valid under Section 24(3) of the Government Proceedings Act 1956.</p>


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<p>Google is allocating US$160 million (RM651 million) to fund new shared water infrastructure in Negeri Sembilan to support local community needs and its upcoming data centre operations at the Springhill Industrial Park in Port Dickson.</p>


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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:</p>


United Malacca, Handal Energy, CTOS Digital, ISF Group, Mega Fortris, GIIB, Ni Hsin, Econpile, Infomina, Signature Alliance, Pekat, Kretam

<p>Infomina Bhd (KL:INFOM) has secured a five-year appointment from US technology company Broadcom to distribute and support its Agile Operations Division (AOD) software across 13 Asia Pacific markets, expanding its regional presence and enterprise software offerings.</p>


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<p>The Seremban High Court on Monday has allowed the Negeri Sembilan Dewan Keadilan dan Undang (DKU) to intervene in the suit brought by 10 former state executive councilors against the state secretary Datuk Mohd Zafir Ibrahim and the state government, to challenge their removal from the executive council.</p>


Negeri Sembilan DKU allowed to intervene in former excos’ suit, but not its secretary

<p>Reservoir Link Energy Bhd (KL:RL) said on Monday its 60%-owned unit has been appointed as a panel contractor for PETRONAS’s research arm.</p>


Reservoir Link appointed panel contractor for PETRONAS research unit

<p>Prosper Trading Sdn Bhd's failure to initially recognise Australian-listed PRL Global Ltd and its wholly owned subsidiary as persons acting in concert (PACs) led to its collective shareholding in United Malacca Bhd (KL:UMCCA) crossing the 33% takeover threshold in September 2024, triggering a mandatory general offer (MGO) that was not made at the time.</p>


Prosper's overlooked PRL Global ties behind delayed United Malacca takeover offer

<p>Northern Solar Holdings Bhd (KL:NORTHERN) has secured two letters of award to supply renewable energy from solar projects with a combined capacity of 189 megawatts (MW), coupled with battery storage systems, to two data centre projects.</p>


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<p>Singapore has denied investigating a Chinese executive reportedly close to Nvidia chief Jensen Huang, rejecting claims made in a <i>Wall Street Journal</i> report that authorities were "concerned" about possible Chinese espionage.</p>


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<p>Parti Bersama Malaysia leader Datuk Seri Rafizi Ramli said he is cancelling his Tuesday campaign engagements for the Melaka election to present himself to federal police headquarters in Bukit Aman for questioning.</p>


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<p>Econpile Holdings Bhd’s (KL:ECONBHD) subsidiary has secured a RM73 million contract to carry out piling and foundation works for a new hospital building at Hospital Tung Shin in Kuala Lumpur.</p>


Econpile bags RM73 mil contract for new Tung Shin Hospital building

<p>Kuala Lumpur City Hall (DBKL) has approved only 4,218 units of afforable homes in Bandar Madani Bukit Jalil for now, with approvals for the remaining units subject to the completion of supporting infrastructure in the township, Parliament was told.</p>


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<p>A hacking attack on European supermarkets spread across the continent on Monday, hitting fridges and freezers from Sweden to Belgium and forcing stores to throw away food in an incident that echoed a similar attack in France last month.</p>


<p>Signature Alliance Group Bhd (KL:SAG) said it has secured a RM51.56 million contract to undertake the redevelopment &nbsp;of &nbsp;the Underwater World Langkawi aquarium on the island.</p>


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<p>ISF Group Bhd (KL:ISF) has secured four contracts worth a combined RM83.23 million for a hyperscale data centre in Port Dickson, Negeri Sembilan, the largest amount it has announced to date. &nbsp;&nbsp;</p>


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<p>Goldman Sachs Group Inc has irked some of its staff after it banned most of them from using advanced artificial intelligence (AI) tools designed for coding after reviewing productivity and risk concerns.</p>


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<p>Chinese regulators have rolled out a handful of measures, from conducting swap operations to upgrading a lending facility for stock buybacks by listed companies, as part of efforts to stabilise struggling capital markets.</p>


<p>Handal Energy Bhd (KL:HANDAL) has been issued a show-cause notice by Bursa Malaysia to explain why it should not be delisted after failing to submit its annual report more than six months past the April 30 deadline.</p>


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<p>Wall Street's main indices rose on Monday as oil prices tumbled more than 6% on hopes of a US-Iran peace deal, with investors also bracing for Tuesday's midterm elections and another busy week of earnings.</p>
