KUALA LUMPUR (July 28): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

Favelle Favco Bhd (KL:FAVCO) said its unit Favelle Favco Cranes (USA) Inc has been named as one of 15 defendants in a lawsuit filed in New York seeking US$52.5 million (RM214.8 million) in damages over a crane incident which made headlines in July 2023. The crane manufacturer said FFC USA was served with a summons on July 23 in an action brought by insurance company Employers Insurance Company of Wausau after compensating 555 Tenth Avenue Leasehold Condominium for losses related to the incident. The claim relates to losses from a crane collapse in Midtown Manhattan on July 26, 2023, when the boom of a 45-storey crane carrying 16 tonnes of concrete fell onto a nearby building before crashing onto the street. — Favelle Favco’s US unit named in US$52.5m New York suit over 2023 crane collapse

Dufu Technology Corp Bhd (KL:DUFU) reported its highest quarterly earnings in nearly four years on the back of higher hard disk drive (HDD) component sales. Net profit rose nearly fivefold to RM13.9 million from RM2.8 million a year earlier. Revenue for the three months ended June 30, 2026 (2QFY2026) climbed to the strongest level in nearly five years, with a 35.4% increase to RM92.4 million from RM68.2 million. Revenue, meanwhile, was the highest since the company recorded RM94.03 million in 4QFY2021. It declared an interim dividend of two sen per share, payable on Sept 18. — Dufu posts highest quarterly earnings in nearly four years on stronger hard disk drive sales

Pipes-and-fittings maker Pantech Global Bhd (KL:PGLOBAL) posted record revenue in the recently-ended quarter, while remaining optimistic of sustaining its momentum. Revenue in the first quarter ended May 31, 2026 (1QFY2027) was RM159.68 million, a 27% increase when compared to the RM125.63 million posted in the same quarter last year, thanks to higher sales volume and average selling prices. Net profit was 36% higher year-on-year at RM16.36 million, from RM12.02 million. Demand across its key end-user industries is expected to remain resilient, supported by ongoing industrial activities and infrastructure investments. No dividend was declared for the quarter. — Pantech Global grows revenue to record amid industrial, infrastructure push

Country View Bhd’s (KL:CVIEW) net profit rose 15.3% to RM21.1 million for the three months ended May 31, 2026 (2QFY2026), up from RM18.3 million a year earlier, as a sharp decline in cost of sales, coupled with lower marketing and finance costs, and the sale of a commercial land parcel more than offset weaker property sales. It also attributed the higher earnings to the progress of work on the units sold for Aurora Avenue three-storey semi-detached shops at Aurora Sentral in Iskandar Puteri, Johor. Revenue, however, fell 18.9% to RM83.4 million from RM102.8 million due to a lower number of properties sold during the quarter. No dividend was declared for the quarter under review. — Lower costs lift Country View's 2Q profit 15% despite weaker revenue

OGX Group Bhd's (KL:OGX) net profit for the financial year ended May 31, 2026 (FY2026) rose 51.2% to RM23.15 million from RM15.31 million,  driven by stronger profit margins and higher revenue from completing more IT infrastructure projects. Revenue for FY2026 also jumped 61.46% to RM284.67 million from RM176.31 million a year ago, driven primarily by the IT infrastructure solutions segment — which contributed 77.3% of total revenue — following an increase in completed projects. For the fourth quarter, the company posted a net profit of RM3.76 million on revenue of RM58.31 million. No comparative figures for the preceding corresponding quarter were available, as this is the company's first fourth quarter results since its listing on the ACE Market in March. No dividend was declared for the quarter. — OGX Group FY2026 net profit up 51% on better profit margins

Furniture company Ecomate Holdings Bhd (KL:ECOMATE) has won a RM13.4 million purchase order from Gamuda Bhd (KL:GAMUDA) for the renewal of a software licence subscription over a three-year period. Its 60%-owned unit, Progressive Computer Systems Sdn Bhd, received a purchase order on Monday with the commencement date yet to be determined. — Ecomate gets RM13.4 mil order from Gamuda for software licence subscription renewal

LYC Healthcare Bhd (KL:LYC) said it might miss the July 31 deadline to issue its 2026 annual report, which would in turn result in the trading suspension of its shares. It attributed the potential delay to the appointment of SBY Partners PLT as its new external auditor on March 6, following the resignation of Crowe Malaysia PLT on Feb 26 over a disagreement on audit fees. It requires additional time to work with SBY Partners to complete the audit, but expects to issue its FY2026 annual report and audited financial statements on or before Aug 7. — LYC Healthcare may miss annual report deadline, trading suspension looms

Ipoh-based bus builder Bus Cap Bhd (KL:BUSCAP) has appointed former Systech Bhd (KL:SYSTECH) executive director Teoh Keng Chang as its non-independent non-executive director, effective Tuesday. Teoh was appointed to the board of Systech in January 2024 and resigned on Sept 17, 2025 due to personal commitments. Bus Cap, which was recently listed on the ACE Market as the country's first pure-play bus builder, operates through its unit Sin Hock Leong Coach Works Sdn Bhd. — Bus Cap appoints former Systech executive director Teoh Keng Chang to its board

IJM Corp Bhd (KL:IJM) is seeking the re-election of its group chief executive officer and managing director Datuk Lee Chun Fai to the group's board at its annual general meeting scheduled for Aug 27. Shareholders will also vote on the re-election of non-executive director Azhar Ahmad and independent non-executive director Gunavathi Subramaniam. Notably, non-executive chairman Tan Sri Krishnan Tan Boon Seng was not among directors listed for re-election in the AGM notice. He was last re-elected at the group's 2023 AGM, and before that at the 2021 AGM. — IJM managing director Lee Chun Fai to seek re-election at upcoming AGM