KUALA LUMPUR (July 10): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday: 

Talam Transform Bhd (KL:TALAMT) shareholders rejected all 14 resolutions tabled at Friday's extraordinary general meeting (EGM) to remove its current board and appoint a fresh line-up, thwarting an attempt by a group of minority shareholders to seize management control. About 67.5% of the voted shares were cast against the proposals, versus 32.5% in favour. The failed resolutions include the immediate removal of current directors, and a proposal to appoint a new line-up. Talam Transform shareholders reject bid to oust board at EGM — Talam Transform shareholders reject bid to oust board at EGM 

Lim Seong Hai Capital Bhd (KL:LSH) is planning a mixed development with an estimated gross development value of RM1.91 billion in Subang Jaya after sealing an agreement to buy and develop 17.4 acres of land from Railway Assets Corporation (RAC) for RM197.9 million. The group via its wholly-owned Astana Setia Development Sdn Bhd had entered into a conditional sale and development agreement with RAC, a statutory body under the Ministry of Transport, to acquire two parcels of land in Pekan Country Height, Subang Jaya. LSH Capital plans RM1.91 bil mixed-use Subang project with RM198 mil land buy from Railway Assets Corp — LSH Capital plans RM1.91 bil mixed-use Subang project with RM198 mil land buy from Railway Assets Corp

Malaysia's private healthcare overhaul is expected to benefit KPJ Healthcare Bhd (KL:KPJ) the most in the near term, with Maybank Investment Bank saying in a research note that the hospital operator is well positioned to capture increased patient volumes from the rollout of MediAsas. The government-backed basic insurance and takaful plan, which targets lower-acuity and uninsured patients, is slated for launch by end-July with monthly premiums starting from about RM60 as part of efforts to curb rising medical costs and insurance premiums. — KPJ biggest near-term winner of MediAsas, healthcare reforms — Maybank 

CelcomDigi Bhd (KL:CDB) has appointed former MISC Bhd (KL:MISC) chief executive officer Datuk Yee Yang Chien as its new independent and non-executive director. The telecommunications group also named Dr Farid Mohamed Sani, currently head of digitalisation at Khazanah Nasional Bhd as a non-independent non-executive director following the resignation of Vivek Sood from the same role. All appointments took effect on Friday. CelcomDigi appoints former MISC CEO Yee Yang Chien and Khazanah's Farid Mohamed Sani to board — CelcomDigi appoints former MISC CEO Yee Yang Chien and Khazanah's Farid Mohamed Sani to board

Lianson Fleet Group Bhd (KL:LFG) is acquiring two Ultramax-class bulk carriers for US$52.32 million (RM213.2 million) in cash. The acquisition will be undertaken by the group's wholly-owned subsidiary, Lianson Fleet Pte Ltd, through two separate memorandum of agreements signed on Thursday with Chinese sellers for the purchase of vessels MV Tian Mu Shan and MV Yan Dang Shan. The vessels will be Lianson Fleet's first Ultramax-class bulk carriers and are expected to enhance the group's earnings visibility by capitalising on strong charter and utilisation rates. — Lianson Fleet acquires two Ultramax bulk carriers for RM213 mil

GFM Services Bhd (KL:GFM) has secured contracts worth RM148.2 million for maintenance works tied to the upcoming plant turnaround at the Pengerang Integrated Complex in Johor. The contract, for which the timeline was not disclosed, is part of PETRONAS’ Integrated Turnaround Main Mechanical and Maintenance Mechanical Static framework (TA4MS) contracts awarded to local contractors to streamline its plant turnaround and daily maintenance vendor management. — GFM Services bags contracts worth RM148 million

Advancecon Holdings Bhd (KL:ADVCON) has secured a RM121.66 million subcontract to undertake construction and related earthworks for an off-river storage facility for a water supply scheme development in Port Dickson, Negeri Sembilan, that is being built to supply water to a data centre there. Its wholly-owned subsidiary, Advancecon Infra Sdn Bhd, had accepted the letter of award on July 10 by an undisclosed customer, a contractor with more than 30 years of experience in the construction industry. The works are scheduled to be completed within 30 months. — Advancecon bags RM121 million construction and earthworks job in Port Dickson

Evergreen Max Cash Capital Bhd (KL:EMCC) plans to transfer its listing to the Main Market from ACE Market as it has fulfilled requirements for the transfer, including the profit requirements and healthy financial position. The transfer is expected to be completed by the fourth quarter of 2026. — Pawnbroker Evergreen Max Cash plans transfer from ACE Market to Main Market