KUALA LUMPUR (July 1): Here is a brief recap of some corporate announcements that made the news on Wednesday:

Binastra Corp Bhd (KL:BNASTRA) has secured its second data centre project in Kuala Lumpur this year, valued at RM491.16 million. Earlier, on Feb 4, it won a RM503 million contract for another project at the same location. Work begins July 1, 2026, with completion in 18 months, covering turnkey design, construction, testing, commissioning and maintenance. — Binastra bags second KL data centre job worth RM491 mil

TXCD Bhd (KL:TXCD), a PN17 construction and property developer formerly known as Ageson Bhd, has secured RM57.09 million in contracts from Sg Besi Construction Sdn Bhd. These comprise a RM41.43 million subcontract for infrastructure and M&E works, and a RM15.66 million agreement for the supply of concrete, reinforcement bars, BRC, cement and equipment. The contracts, which exceed TXCD’s market capitalisation, commenced on Wednesday and are scheduled for completion by Sept 1, 2028. — PN17 firm TXCD secures RM57.1 mil contracts from Sg Besi Construction

Berjaya Food Bhd (KL:BJFOOD) has exited its loss-making Paris Baguette venture in Malaysia, selling its 50% stake in Berjaya Paris Baguette Sdn Bhd (BPB) to joint venture partner Paris Baguette Singapore Pte Ltd (PBS) for RM1. The disposal, completed June 30, gives PBS full ownership of BPB, which has operated the bakery chain since January 2023. BPB had RM67.09 million in accumulated losses and RM33.41 million net liabilities, with Berjaya Food’s RM20 million investment fully impaired.  — Berjaya Food exits loss-making Paris Baguette Malaysia venture

Seal Incorporated Bhd (KL:SEAL) is seeking shareholder approval to provide up to RM58.72 million in additional corporate guarantees to its 24.55%-owned associate, MSR Green Energy Sdn Bhd (MSRGE), raising total commitments to RM119.32 million. The support will help MSRGE secure financing for renewable energy projects. The guarantees, backing banking and forex facilities, build on the RM60.6 million approved in February 2025. — Seal Inc seeks shareholders' approval to raise guarantee for green energy associate to RM119.3m

Sapura Industrial Bhd (KL:SAPIND) is selling 40,964 sq m of leasehold industrial land in Bandar Baru Bangi to Zeito Plastic Components Sdn Bhd for RM42.33 million cash. The disposal will yield a net gain of RM29.14 million. Proceeds will expand automotive component manufacturing, fund new land acquisitions and support working capital, lifting net assets per share to RM2.05 and reducing gearing to 0.32 times. — Sapura Industrial to sell Bangi land for RM42m to fund manufacturing expansion

Epicon Bhd (KL:EPICON) has filed a lawsuit against Ibrahim & Sons Engineering Sdn Bhd to recover RM20.36 million in unpaid subcontract amounts. Its unit Transnational Builder Sdn Bhd had engaged the firm in October 2023 to install underground cables for five Tenaga Nasional Bhd (KL:TENAGA) projects worth RM130.89 million. Epicon said RM16.71 million remains unpaid, while RM1.95 million in performance guarantees are still active. TBSB has frozen Ibrahim & Sons’ assets to prevent dissipation during proceedings. — Epicon sues subcontractor to recover alleged unpaid amount of RM20.3 mil

PRG Holdings Bhd (KL:PRG) faces a RM21.22 million statutory demand from its largest shareholder, Datuk Ng Yan Cheng, who owns 16.39% of the company. The demand, received June 30, relates to advances provided as working capital. Ng has given PRG 21 days to settle or risk winding‑up proceedings. The dispute follows PRG unit Premier Construction’s RM64.24 million claim against Premier De Muara Sdn Bhd, a developer linked to Ng, over unpaid sums for the Picasso Residence project. — PRG faces RM21.2m demand from largest shareholder as PDM payment dispute escalates