KUALA LUMPUR (Sept 3): Here is a brief recap of some corporate announcements that made the news on Thursday.

Zetrix AI Bhd (KL:ZETRIX) has not set the issue price for new shares that will make up most of the RM130 million payment for its planned purchase of a 50% stake in MyEG Ventures Inc, citing recent volatility in its share price. The deal will be financed mainly through up to 360.57 million new shares, priced based on the five‑day volume‑weighted average before issuance. With the share price falling sharply, the company said the price remains undecided and will be announced later. The remainder of the RM130 million will be paid in cash from internally generated funds. — Zetrix AI yet to fix share issue price for RM130 mil MyEG Ventures deal amid volatility

Farm Fresh Bhd (KL:FFB) plans to raise up to RM200 million via private placement to fund capital expenditure and meet a shareholder buyout obligation at its ice‑cream unit Inside Scoop. The group will issue up to 109.65 million new shares, equal to 5.8% of its enlarged capital, at a price to be set later. Of the proceeds, RM148.3 million will go to expansion over 24 months — RM92 million for processing and dairy farming in Cambodia, including new lines and a Pursat integrated farm, and RM56.3 million for manufacturing growth and new products in Malaysia. Another RM50 million will finance the purchase of a 20% stake in Inside Scoop from Edmund Tan Jun Hua, who exercised a contractual buyback option. — Farm Fresh to raise up to RM200 mil via private placement for capex, Inside Scoop stake buy

Techna‑X Bhd (KL:TECHNAX) is disposing of its 50% stake in Hong Kong‑based HK Aerospace Beidou New Energy Technology Co Ltd (HKAB), a loss‑making super battery and capacitor maker, for RM45 million cash to support its restaurant expansion funding. Of the funds, RM30 million will go to opening 10 new outlets and refurbishing two existing ones in central Peninsular Malaysia via Craveat International, operator of Italiannies and TGI Fridays. The remaining RM13.5 million is earmarked for working capital, including payables and operating expenses, while RM1.5 million is allocated for disposal costs. — Techna-X sells loss-making HK super battery firm for RM45 mil to fund restaurant expansion

Alam Maritim Resources Bhd (KL:ALAM) has appointed Datuk Aloysius Albert Michael as senior strategic adviser effective Sept 3. Aloysius, a substantial shareholder, will advise the board, group managing director, CEO, and management on strategy, corporate development, operations, expansion, partnerships, and other initiatives. Aloysius, who is currently chief executive officer of Alam Maritim subsidiary Subsea Worldwide Solutions Sdn Bhd (SWS), owns a 12.436% interest in Alam Maritim. — Alam Maritim appoints Aloysius Albert Michael as senior strategic adviser

PRG Holdings Bhd (KL:PRG) has been placed under interim judicial management by the Kuala Lumpur High Court following a boardroom dispute and debt conflict with its largest shareholder, Datuk Ng Yan Cheng. The court appointed Andrew Heng and Ashvin Mahendran of Baker Tilly Insolvency PLT as joint interim managers under an Aug 26 order. This strips the board and management of their powers, though they remain responsible for statutory compliance. The order stays in effect until the court hears PRG’s application for full judicial management on Sept 21. — Court places PRG Holdings under interim judicial management amid boardroom feud, debt dispute

Niche Capital Emas Holdings Bhd (KL:NICE) said its joint partner Greensnow Consolidated Bhd (GCB) has secured an interim manufacturing licence from the Ministry of Investment, Trade and Industry (Miti). The licence, granted last month to GCB’s unit Greensnow Biosolutions Sdn Bhd, allows production of green chemical and bio‑based solvents for rare earth extraction at its Gebeng Phase 4 facility in Kuantan. — Niche Capital Emas’ rare earth partner gets interim manufacturing licence

Sersol Bhd (KL:SERSOL) has named Datuk Faizal Abdullah as independent and non‑executive chairman, part of a board refresh following several director exits. Faizal brings over three decades of experience in corporate affairs, business management, and public administration. It also announced the appointments of Teo Beng Wei and Goh Jooi Shen as independent non-executive directors. — Sersol appoints Faizal Abdullah as chairman amid boardroom reshuffle

Salutica Bhd (KL:SALUTE) announced the resignation of its principal officers as the Lim family exited the board and ceased to be substantial shareholders on Sept 3. Executive chairman Lim Chong Shyh, managing director Joshua Lim Phan Yih and alternate director Joel Lim Phan Hong all resigned. Phan Yih and Phan Hong are sons of Chong Shyh. The family, which held a 35.41% stake via Blue Ocean Enlightenment Sdn Bhd, disposed of 166.04 million shares at 11 sen each, valued at about RM18.26 million. Following the resignations, the board appointed Chuah Chong San and Siew Chiew Loon as executive directors. — Salutica chairman and sons exit with entire shares disposal

Media Chinese International Ltd (KL:MEDIAC) plans to sell its Canadian property for C$6.85 million (RM19.88 million) after ending media operations there. The disposal is expected to yield an unaudited gain of C$5.26 million (RM15.28 million), with net proceeds of C$6.55 million (RM19.01 million) before tax, earmarked for working capital. The group said the property is no longer needed and the sale allows redeployment of funds. The buyer, Da Xing Investment Ltd, is a Canadian firm engaged in warehousing, inventory management, and delivery, owned equally by directors Ren Rujin and Yu Junmin. — Media Chinese to sell property for RM20m following cessation of Canadian media operations

Globetronic Technology Bhd (KL:GTRONIC) said its non‑executive chairman Ta Shun Dher has become a substantial shareholder after acquiring 8.91 million shares, equal to a 1.14% stake, on Sept 1. The shares were bought via a direct business deal at 24.5 sen each, a 2.1% premium to the closing price of 24 sen, for a total of RM2.18 million. Ta’s direct stake rose to 5.08%, crossing the threshold to be deemed substantial. — Globetronic chairman Ta Shun Dher emerges as substantial shareholder after 1.14% stake buy

Orgabio Holdings Bhd (KL:ORGABIO) plans to buy a freehold industrial property in Semenyih, Selangor for RM11.26 million cash. Its unit, Orgabio Manufacturing Sdn Bhd, agreed to purchase a 5,263 sq m parcel at Jalan Bangi, Mukim Semenyih from Chung Lian Fatt. The company plans to build a warehouse to support expansion, with completion targeted by Q4 2026. — Instant beverage manufacturer Orgabio to buy Semenyih lot for RM11.26 mil

Magni‑Tech Industries Bhd (KL:MAGNI) reported a 17% drop in 1QFY2027 net profit to RM29.4 million from RM35.6 million a year earlier, mainly due to weaker garment contributions. Revenue fell 15.6% year‑on‑year to RM318.6 million from RM377.6 million. The group declared an interim dividend of 2.8 sen per share, down from 3.5 sen previously, payable on Oct 8. — Magni-Tech says 1Q net profit down 17% on lower garment revenue, declares 2.8 sen dividend