KUALA LUMPUR (July 21): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

The Shah Alam High Court has ordered Sime Darby Property Bhd (KL:SIMEPROP) to repay RM36.23 million, plus 5% annual interest, to the Malaysian Highway Authority (LLM). Sime Darby Property said the court found that the company had received more compensation than it was entitled to for land acquired for the West Coast Expressway. The dispute involves seven plots of land that were compulsorily acquired in 2015.  Sime Darby Property said the ruling will have a financial impact because of the repayment and interest, but it will not materially affect its business operations. — Court orders Sime Darby Property to refund RM36.2m plus interest in West Coast Expressway land case

Chemical manufacturer Ancom Nylex Bhd (KL:ANCOMNY) reported a net profit of RM25.03 million in the fourth quarter – its strongest quarterly earnings in almost four years. Its net profit for the fourth quarter ended May 31, 2026 (4QFY2026), rose more than 46%, from RM17.07 million a year earlier. Revenue increased over 32% to RM608.88 million from RM459.37 million. For the full financial year, it posted a net profit of RM81.44 million from RM63.49 million in FY2025. Full-year revenue rose to RM1.93 billion from RM1.87 billion. The group has proposed a third interim dividend of 0.5 sen per share along with a distribution of treasury shares on the basis of one treasury share for every 200 shares. — Ancom Nylex posts strongest quarterly profit in nearly four years

PRG Holdings Bhd (KL:PRG) has rejected a requisition notice from its second-largest shareholder Datuk Sheah Kok Fah and three other shareholders seeking an extraordinary general meeting (EGM) to revamp the board, after determining that their collective shareholding falls short of the 10% threshold required under the Companies Act. The board, after obtaining independent legal advice, is of the view that the requisition notice is invalid as the shareholdings of certain requisitioning shareholders were not registered in their personal names for the purpose of requisitioning the meeting. The requisitionists — Sheah, Sy Dioceldo Sy, Cheah Eng Chuan and Datuk James Jr Lee Weng Kei — had, in their requisition notice, requested the EGM to remove group managing director and executive director Andrew Chan Lim-Fai while seeking to appoint Sheah, Datuk Richard George Azlan Abas and Datuk Dr Teo Tong Kooi as directors. — PRG rejects shareholders' requisition to convene EGM to revamp board

Geohan Corporation Bhd (KL:GEOHAN) has secured a RM40.9 million contract for the foundation and structural works of a mixed development in Persiaran KLCC here. The scope of Geohan's new job involves bored piling, reinforced concrete works and basement wall works for the development, which comprises two 65-storey serviced apartment towers with a total of 850 units. The latest contract brings its year-to-date contract wins to more than RM200 million, following a RM28 million award for the Xintiandi development project in Genting Permai. The contract was awarded to its unit Geohan Sdn Bhd by China State Construction Engineering (M) Sdn Bhd (CSCEM), a subsidiary of Chinese state-owned enterprise China State Construction Engineering Corporation. — Geohan bags RM40.9 mil foundation job for mixed development in Persiaran KLCC

Sarawak-based builder Hartanah Kenyalang Bhd (KL:HKB) has secured a RM41.38 million contract to build multi-storey buildings and ancillary facilities in Sarawak. The contract was awarded to its unit, Hartanah Construction Sdn Bhd, by a Malaysian company principally involved in construction services in Sarawak. It did not disclose the identity of the client or provide further details of the project. — Hartanah Kenyalang bags RM41.4 mil construction contract in Sarawak

Construction firm MGB Bhd (KL:MGB) said it has secured a contract for mechanical, electrical and plumbing (MEP), and finishing works for a villa development project in Saudi Arabia. MGB said the contract was awarded to its indirect unit MGB International For Industry by the Roshn Group Company, a single-shareholder closed joint-stock company. Under the latest 10-month contract, MGB International will be responsible for working on 75 units of villas. — MGB bags RM44.7m mechanical works job for Saudi Arabia-based villa development project