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

Yinson Holdings Bhd's (KL:YINSON) major shareholder, Yinson Legacy Sdn Bhd, confirmed that it is in preliminary talks over a potential privatisation of the oil and gas firm. The investment vehicle linked to Yinson executive chairman Lim Han Weng and his family said an indicative offer price of RM2.35 per share is currently being considered should the proposal proceed. "We are currently engaged in preliminary and exploratory discussions” with MISC Bhd (KL:MISC), affiliates of Yinson Legacy and the Employees Provident Fund, the company said. — Yinson confirms privatisation talks at indicative RM2.35 a share

Gamuda Bhd (KL:GAMUDA) has secured contracts worth a combined RM3.57 billion to build two hyperscale data centres in Port Dickson, Negeri Sembilan. The first contract is worth RM1.79 billion, while the second is valued at RM1.78 billion. Both projects are expected to commence in the fourth quarter of 2026. The first data centre is scheduled for completion in the third quarter of 2028, while the second is expected to be completed in the fourth quarter of 2028. — Gamuda lands another RM3.57 bil in hyperscale data centre jobs in Port Dickson

WCT Holdings Bhd (KL:WCT) has secured a RM600.9 million contract to build a 41-storey office tower at the Tun Razak Exchange. The contract was awarded to its unit, WCT Bhd, by Minister of Finance Inc-owned Pelangi Pasifik Sdn Bhd. WCT added that construction is scheduled to start on Dec 1. — WCT bags RM600.9m contract to build 41-storey office at TRX

Zetrix AI Bhd (KL:ZETRIX) has clarified that it has no links with former human resources minister Datuk Seri M Saravanan, who has been charged with corruption in relation to the approval of foreign worker quotas for a local company in 2022. The electronic government services provider was issued an unusual market activity (UMA) query from the bourse regulator after its share price saw a massive 50% plunge amid trading on Friday. The company said it understood that unfounded rumours or speculation linking it to the three graft charges brought against Saravanan may have contributed to the trading activity. — Zetrix AI denies rumours linking company to ex-minister Saravanan's graft case

HeiTech Padu Bhd, (KL:HTPADU), whose share price tumbled to a 30-month low on Friday, said it is unaware of any reason behind the sharp decline after the stock exchange regulator issued an UMA query. — HeiTech Padu says unaware of reason behind sharp share price drop after UMA query

CIMB Group Holdings Bhd’s (KL:CIMB) net profit for 2QFY2026 edged up 1.2% to RM1.94 billion from RM1.89 billion a year earlier, supported by broad-based performance across all businesses. Quarterly revenue slipped to RM5.56 billion from RM5.6 billion. It declared a first interim dividend of 19.65 sen per share. — CIMB 2Q earnings rise, declares 19.65 sen dividend

CIMB’s Thai unit, CIMB Thai Bank, will be delisted from the Stock Exchange of Thailand on Sept 12, more than two and a half years after a regulatory process triggered by stricter free-float requirements. The delisting will have no material impact on CIMB Thai’s customers, operations, financial strength or regulatory standing. CIMB Thai will remain a core subsidiary and continue its banking operations as usual. CIMB Thai posted a more than fivefold increase in net profit for 2QFY2026. — CIMB Thai to be delisted from Thailand's stock exchange on Sept 12

RHB Bank Bhd’s (KL:RHBBANK) net profit for 2QFY2026 edged up to RM807.15 million compared to RM803.50 million a year earlier, as higher net interest income and lower provisions offset a decline in non-interest income. Year-on-year, net fund-based income was up 6% to RM1.58 billion while non-fund based income declined 13% to RM580 million. An interim dividend of 15 sen per share was declared. — RHB Bank 2Q net profit marginally higher, declares dividend of 15 sen per share

Axiata Group Bhd's (KL:AXIATA) net profit from continuing operations rose in 2QFY2026 from a year earlier mainly on the absence of goodwill impairment. Net profit stood at RM42.5 million. Quarterly revenue slipped 3.2% to RM2.87 billion as foreign subsidiaries' currencies depreciated against the ringgit. — Axiata 2Q earnings up mainly on absence of impairment, declares 5.5 sen dividend

IOI Corporation Bhd's (KL:IOICORP) net profit for the fourth quarter ended June 30, 2026 (4QFY2026) rose 17% to RM501 million from RM437 million, driven by improved performance in the resource-based manufacturing segment. Revenue was up 3% to RM3.041 billion from RM2.96 billion a year earlier due to higher sales volume across key specialty product lines and improved global product demand. The group declared a second interim dividend of seven sen per share payable on Sept 25. For the full year, net profit rose 11% y-o-y to RM1.68 billion, while revenue rose 4% to RM11.78 billion. — IOI Corp net profit up 17% in 4Q, cites improved performance in resource-based manufacturing; declares seven sen dividend

Hengyuan Refining Company Bhd (KL:HENGYUAN) resumed dividend payments after a four-year hiatus with a 10 sen interim dividend, following a 2QFY2026 net profit of RM600.54 million — its highest since 2022 and a fourth consecutive profitable quarter. This turnaround from a RM183.24 million net loss a year earlier was driven by lower finance costs, increased other income and RM38.87 million in operating gains. Revenue jumped 55.69% to RM5.44 billion from RM3.49 billion. — Hengyuan pays first dividend in four years as 2Q profit jumps

Sarawak Oil Palms Bhd’s (KL:SOP) 2QFY2026 net profit jumped 67.2% to RM153.69 million from RM91.92 million a year earlier, thanks to higher sales volumes and realised prices of crude palm oil  and palm kernel. Revenue increased 11.6% to RM1.46 billion from RM1.31 billion a year ago. The company declared a dividend of five sen per share, payable on Oct 16.  — Sarawak Oil Palms’ 2Q profit jumps 67% on stronger palm oil sales and prices

Hibiscus Petroleum Bhd's (KL:HIBISCS) 4QFY2026 net profit more than doubled, rising 155.6% to RM190.72 million, driven by higher realised oil and gas prices under its PM3 CAA PSC and strong operating performance in Malaysia. Revenue increased 34.5% to RM846.46 million. The company declared a fourth interim dividend of two sen per share payable Oct 22, and recommended a final dividend of one sen. — Hibiscus Petroleum ends FY2026 on strong footing despite oil price swings

Berjaya Corp Bhd (KL:BJCORP) narrowed its 2QFY2026 net loss to RM109.02 million from RM207.2 million a year earlier, supported by stronger operating performance across its business segments and lower net investment-related expenses. Quarterly revenue fell 3.6% to RM2.28 billion from RM2.37 billion, due to lower contributions from the retail segment. Revenue was affected by unfavourable foreign exchange translation effects when the results were translated into ringgit. No dividend was declared for 2QFY2026. — Berjaya Corp narrows 2Q net loss on stronger operations, lower investment-related expenses

Eversendai Corp Bhd (KL:SENDAI) posted a net loss of RM10.63 million for the second quarter of 2026 and expects to settle claims over its cancelled structural steel contract for the Trojena Ski Village by 1Q or 2Q2027. The group swung into a net loss for 2QFY2026 compared with a net profit of RM12.16 million in the same quarter a year earlier. In response to the termination of the Ski Village contract and ongoing headwinds in West Asia, the group has taken immediate and decisive measures to optimise its operating cost structure and strengthen overall operational efficiency. — Eversendai expects Trojena contract termination settlement by 1H2027 after 2Q loss

Farm Fresh Bhd’s (KL:FFB) net profit for the first quarter ended June 30, 2026 (1QFY2027) declined 18% to RM26.82 million from a year earlier, due to higher cost of fuel and plastic bottles. Revenue, however, rose 18% to a new record of RM306.37 million. No dividend was announced — Farm Fresh takes hit as rising expenses eclipse record revenue

Farm Fresh also said it will acquire an additional 20% stake in The Inside Scoop Sdn Bhd for RM50.8 million, which will raise its stake in the ice cream chain to 85% from 65%. — Farm Fresh to buy another 20% of Inside Scoop from co-founder for RM50.8 mil