KUALA LUMPUR (Aug 6): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

A joint venture between Malaysian Resources Corp Bhd (KL:MRCB) and Theta Edge Bhd (KL:THETA) has secured the RM3.028 billion system turnkey contract for the Pulau Pinang Mutiara Line Light Rail Transit (LRT) project from Malaysia Rapid Transit Corp Sdn Bhd. MRCB owns 90% in the JV, while Theta Edge has the remaining 10%. Work is to span 68.8 months from the contract’s commencement date, MRCB said. — Mutiara Line LRT reaches key milestones; MRCB-Theta Edge JV wins RM3 bil contract

Bolts and nuts manufacturer Tong Herr Resources Bhd (KL:TONGHER) has received a proposal from its major shareholders Allrich Corp and Richard Holdings Ltd — controlled by members of the Taiwanese Tsai family — to privatise the company through a selective capital reduction and repayment exercise (SCR) at RM2.55 per share. The offerors and other members of the extended Tsai family together own a 74.50% interest in Tong Herr. Shares of Tong Herr have gained nearly 32% this year. The offer represents a 34.2% premium to its closing price of RM1.90, its highest since September 2024, before the trading suspension for the announcement. — Tsai family proposes to privatise Tong Herr at RM2.55 per share

Batu Kawan Bhd (KL:BKAWAN) announced that its wholly owned subsidiary Whitmore Holdings Sdn Bhd’s voluntary takeover offer of MKH Bhd (KL:MKH) has become unconditional after the former’s shareholders approved the proposed acquisition at the group's extraordinary general meeting on Aug 5. As the share sale agreement becomes unconditional, Whitmore is obliged to extend an unconditional mandatory takeover to acquire the remaining voting shares in MKH which are not owned by the group and Batu Kawan, at a cash offer price of RM2 per share. — Batu Kawan unit’s takeover bid for MKH turns unconditional

Pentamaster Corp Bhd (KL:PENTAMASTER) saw its second-quarter (2Q2026) net profit jump by 63.9%, driven by its factory automation solutions segment, supported by its existing order book and sustained demand from its AI Compute and medical segments. Quarterly revenue increased 24.83% year-on-year (y-o-y) to RM180.85 million in 2Q2026 from RM144.88 million. No dividends were declared. — Pentamaster sees strong double-digit revenue growth in FY2026 after 64% jump in 2Q profit

Oriental Kopi Holdings Bhd (KL:KOPI) is planning to expand into Indonesia and Mauritius. It plans to enter Indonesia through a joint venture with PT Era Boga Nusantara, which will hold a 60% stake while its subsidiary Oriental Coffee International Sdn Bhd will invest RM1.96 million for the remaining 40%. In Mauritius, Coffee Time Ltd will hold exclusive franchise rights for six years. — Oriental Kopi expands into Indonesia, Mauritius in overseas growth push

Sentral REIT’s (KL:SENTRAL) net property income (NPI) for the second quarter ended June 30, 2026 (2QFY2026) slipped 3.2% year-on-year (y-o-y) to RM35.78 million, as operating expenses rose faster than rentals. Revenue edged up 1.8% y-o-y to RM48.56 million. The REIT proposed an income distribution of 3.17 sen per unit. — Sentral REIT's property income slips in 2Q amid rising costs, to pay out 3.17 sen per unit

Lotte Chemical Titan Holding Bhd (KL:LCTITAN) saw its net losses double in its 2QFY2026 to RM401.67 million from RM189.33 million. The company attributed this loss to inventory write-downs and higher costs from its new Indonesian petrochemical plant. Despite this loss, revenue in the company surged by 116.4% to RM3.11 billion from RM1.44 billion, driven by the Lotte Chemical Indonesia New Ethylene project. — Lotte Chemical Titan's losses widen despite doubled revenue hit by write-downs and higher costs

CBH Engineering Holding Bhd (KL:CBHB) secured a RM26.2 million contract to upgrade a substation in Selangor. The contract will have CBH Engineering handle the procurement, construction and commissioning works for the 275kV substation. Work is to commence on Aug 6 and will be completed across two stages: first by Jan 15, 2027; and the final stage by Feb 28, 2027. — CBH Engineering secures RM26.2 mil substation upgrade job

Southern Score Builders Bhd (KL:SSB8) said its 51%-owned unit has secured a RM146.53 million electrical package subcontract for a data centre project. The construction outfit’s majority-owned SJEE Engineering Sdn Bhd secured the contract from an undisclosed “local construction company”. The remaining 49% in SJEE is owned by engineer-turned-businessman Ngo Hea Bing. — Southern Score Builders’ 51%-owned unit bags RM146.5m data centre subcontract

Carlo Rino Group Bhd (KL:CARLORINO) has shelved its plan to transfer to Bursa Malaysia's Main Market, citing the prevailing operating environment and its strategic priorities. “The company believes it is appropriate to focus on the continued execution of its strategic initiatives and long-term growth plans, and to revisit the proposed transfer at an appropriate time,” it added. The company first listed on the LEAP Market oin 2018, before transferring to the ACE Market in December 2024. — Carlo Rino shelves plan for Main Market transfer

Perak Transit Bhd (KL:PTRANS) on Thursday unveiled a share buy-back scheme, saying that investors undervalue the bus-and-terminal operator. The initiative is expected to complement the dividend policy, Perak Transit said in a statement. The last price of 17 sen represents a sharp 77% discount to Perak Transit’s net asset value of about 73 sen per share, the company noted. The company's last share buyback was in 2025. — Perak Transit announces share buy-back to complement dividend

Handal Energy Bhd (KL:HANDAL) has delayed the release of its annual report for the financial period ended Dec 31, 2025 yet again, pushing back its previously stated Aug 7 target. The oil and gas services provider now expects to issue the report by end of October.The latest postponement follows five previous delays, which has also resulted in the postponement of its annual general meeting. A new date has not been announced. Trading in its shares has been suspended since May 11 due to the report issuance delay. — Handal Energy pushes back annual report release again