KUALA LUMPUR (April 27): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:

Hextar Capital Bhd (KL:HEXCAP) has secured a RM155.3 million construction subcontract for a military hospital project in Melaka. The subcontract for the Hospital Angkatan Tentera Kem Terendak project was awarded by FNA Builders & Services Sdn Bhd to its subsidiary, Legacy Core Sdn Bhd. Hextar Capital said the job, which includes piling, foundation, demolition, building works and infrastructure work, is slated for completion by August 2028, and is expected to contribute positively to future earnings. — Hextar Capital bags RM155 mil Melaka hospital subcontract

CBH Engineering Holding Bhd (KL:CBHB) has secured a RM29.69 million work order for a data centre in Johor, adding to its order book that remains heavily skewed towards data centre-related jobs. The contract involves the design, supply, installation and commissioning of a consumer substation for the data centre. The ACE Market-listed group said its wholly-owned subsidiary CBH Engineering Sdn Bhd had accepted the work order from an undisclosed customer identified only as Company A. The customer was incorporated in Malaysia and is principally involved in providing infrastructure for hosting, data processing services and related activities, but its identity could not be disclosed due to a non-disclosure agreement. — CBH Engineering secures RM29.69 mil data centre substation job in Johor

Uzma Bhd (KL:UZMA) has secured an eight-year contract to provide leasing as well as operation and maintenance services for a portable water injection module under the Bayan Redevelopment Phase 3 project. The contract was awarded by PETRONAS Carigali Sdn Bhd to Uzma’s wholly-owned unit, Uzma Engineering Sdn Bhd. The contract value was not disclosed. The scope comprises the design, engineering, procurement, construction and transportation of one portable water injection module within one year, followed by its installation, commissioning, and seven years of operation and maintenance. The contract also includes an option for a further two-year extension. — Uzma lands eight-year contract from PETRONAS Carigali for Bayan redevelopment Phase 3 project

Steel Hawk Bhd (KL:HAWK) has secured a three-year logistics management services contract from PETRONAS Gas Bhd (KL:PETGAS). The contract, awarded to its wholly-owned unit Steel Hawk Engineering Sdn Bhd, involves providing logistics support on a call-out basis to support PETRONAS Gas’ ongoing operations. The contract runs until April 9, 2029. While it carries no fixed value due to its call-out nature, Steel Hawk said it is expected to contribute positively to future earnings and strengthen its base of recurring income. — Steel Hawk clinches three-year logistics management services contract from PETRONAS Gas

KHPT Holdings Bhd (KL:KHB) has proposed the acquisition of a metal stamping parts manufacturer for RM19.5 million cash, as it seeks to broaden its service offerings to non-automotive sectors, including the electrical and electronics (E&E) industry. The group signed an agreement on Monday for the acquisition of Ngai Cheong Metal Industries Sdn Bhd (NCMI) from its existing shareholders, namely Chan Chun Kit, Chan Sze Min, Chan Sze See, Chan See Lai and Chan Yan Ho. KHPT currently derives its revenue from the manufacture and sale of automotive parts, while NCMI is principally involved in the manufacture of metal stamping parts and the design and development tooling, jigs, moulds and dies for customers, serving customers in both the E&E sector locally and the automotive sector globally. — KHPT plans RM19.5 mil acquisition in bid to diversify into non-automotive sectors

Padini Holdings Bhd (KL:PADINI) and five of its local subsidiaries are among the companies which have had 21 bank accounts frozen as part of a Malaysian Anti-Corruption Commission (MACC) probe into external counterparties. Most of the frozen accounts are under Padini Corporation Sdn Bhd with seven, followed by Yee Fong Hung (Malaysia) Sdn Bhd and Padini Dot Com Sdn Bhd with four each. Padini Holdings has three accounts frozen, while Vincci Ladies' Specialties Centre Sdn Bhd has two and Seed Corporation Sdn Bhd has one. “None of the above subsidiaries is a major subsidiary as defined under the Main Market listing requirements of Bursa Malaysia Securities Bhd,” said Padini. — Padini names firms tied to 21 frozen bank accounts in MACC probe

The MACC has frozen several bank accounts belonging to specialty fertiliser manufacturer Cropmate Bhd (KL:CRPMATE) and its subsidiaries. The company was notified of the freeze on April 24, ordered under Section 44(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, in connection with an ongoing investigation. "Based on the information currently available, the board has no indication that the matter is attributable to any misconduct on the part of the group’s management or employees," Cropmate said. — MACC freezes Cropmate, subsidiaries' bank accounts in money laundering probe

KIP Real Estate Investment Trust (KL:KIPREIT) announced plans to buy Setapak Central Mall, Kuala Lumpur from Festiva Mall Sdn Bhd — which is indirectly owned by Singapore-listed Frasers Property Ltd — for RM435 million to expand its retail portfolio. KIP REIT said the RM435 million purchase sum will be funded via a mix of borrowings and a private placement exercise of up to 220 million new units, representing about 22.95% of KIP REIT’s existing issued units. The three-storey Setapak Central Mall has a net lettable area of 514,777 sq ft and an occupancy rate of 99.89% as at Feb 28, 2026. — KIP REIT proposes RM435 mil Setapak Central acquisition, 3Q NPI rises 17.6%

PGF Capital Bhd (KL:PGF), which manufactures and sells insulation material, posted a 41.8% decline in the fourth financial quarter ended Feb 28, 2026 (4QFY2026), due to the absence of a RM19.6 million one-off gain recognised in the previous year. Net profit for 4QFY2026 declined to RM8.08 million from RM13.9 million in the corresponding quarter last year, when it recognised the one-off impairment reversal on land held for property development. Quarterly revenue rose 12.2% to RM37.78 million, mainly due to steady demand for insulation products, especially from Oceania. — PGF Capital 4Q net profit drops 42% on absence of one-off gain

Ekovest Bhd (KL:EKOVEST) said its proposed acquisition of four parcels of land earmarked for transit-oriented development along the Johor Bahru-Singapore Rapid Transit System (RTS) Link alignment will not proceed, after the parties allowed the binding term sheets to lapse following multiple extensions. The company said the term sheets, first signed in October 2023 to negotiate definitive agreements for the acquisition, expired on Monday, as mutually agreed by all parties. The lapse of the proposal is not expected to have any material financial, operational or legal impact on the company. It added that it remains open to revisiting the proposed land acquisition should suitable opportunities arise in the future. — Ekovest’s RM310 mil RTS-linked land deal falls through after term sheets lapse