KUALA LUMPUR (Sept 7): Here is a brief recap of some corporate announcements that made the news on Monday.

Zetrix AI Bhd (KL:ZETRIX) is reviving its plan to acquire a 50% stake in Philippines-based information technology services provider MYEG Ventures Inc for RM130 million, after scrapping the deal last week. Under the revised arrangement, the stake will be acquired from IPVG Employees Inc instead of Next Lion Ltd. IPVG will first acquire a 40.6% stake in MYEG Ventures from its other shareholders before selling its entire 50% stake to Zetrix AI. About 78% of the acquisition cost will be funded through the issuance of new Zetrix AI shares, with the remaining RM29 million funded through internal cash. — Zetrix AI’s Philippine acquisition is back on

Meanwhile, forced selling of shares held by Wong Thean Soon, co-founder and single-largest shareholder of Zetrix AI, continued, with Wong offloading more than 12% of his stake in the digital services company in just over a week. Wong and his vehicle Asia Internet Holdings Sdn Bhd  disposed of a net 960.7 million shares, equivalent to a 12.193% stake, for a combined RM227.99 million. The sell-down reduced Wong’s total stake in Zetrix AI to 17.129%, comprising an 8.402% direct stake and an 8.896% indirect stake, from 29.49%, comprising 15.19% direct and 14.30% indirect. — TS Wong cuts Zetrix AI stake by over 12% amid forced selling

MN Holdings Bhd(KL:MNHLDG) said its wholly owned subsidiary MN Utilities Engineering Sdn Bhd and Pembinaan Tajri Sdn Bhd have jointly secured a RM67.32 million contract from Tenaga Nasional Bhd (KL:TENAGA) to install a 275kV underground cable for bulk power supply to Intel Penang. The works, undertaken through an 80:20 joint venture, cover the engineering, design, supply and erection of the cable, as well as associated civil works, and are expected to be completed within 540 days. — MN Holdings JV bags RM67 mil TNB contract for cable works in Penang

NexG Bina Bhd (KL:NEXGBINA) has mutually terminated a heads of agreement to sell a 49% stake in its wholly owned lingerie units Classita (M) Sdn Bhd and Marywah Industries Sdn Bhd to their director Choo Peng Hung, citing a lack of material progress since the deal was signed in September last year. The then-proposed RM34.1 million sale was intended to help fund NexG Bina’s property projects. — NexG Bina aborts talks to offload part of lingerie business

Gas Malaysia Bhd (KL:GASMSIA) is working with PETRONAS Gas Bhd (KL:PETGAS) on a feasibility study for a pipeline connecting the proposed Yan LNG regasification terminal to the Peninsular Gas Utilisation (PGU) system. The study will assess the proposed interconnection’s technical, operational and commercial viability, with its findings to support Gas Malaysia’s progress on the Yan project and submission to the Energy Commission. — Gas Malaysia, PETRONAS Gas study pipeline link for proposed Yan LNG terminal

Cengild Medical Bhd (KL:CENGILD) plans to place up to 16.66 million new shares, or 2% of its issued share capital, to contractual specialist medical practitioners to attract and retain experienced doctors who are not eligible for its existing share option scheme. At an illustrative issue price of 17.2 sen per share, the placement is expected to raise about RM2.87 million. — Cengild plans placement of up to 2% of shares to medical consultants

Independent advisers have given contrasting recommendations on Batu Kawan Bhd’s (KL:BKAWAN) takeover offers for MKH Bhd (KL:MKH) and MKH Oil Palm Bhd (KL:MKHOP). MKH shareholders were advised to accept the RM2 offer, despite Kenanga Investment Bank saying it undervalues MKH at RM4.31 per share, as the offer is reasonable given the stock’s illiquidity and lack of alternatives. Meanwhile, MKHOP shareholders were advised to reject Batu Kawan’s 66.26 sen offer, which MainStreet Advisers deemed “not fair and not reasonable” as it is 47% below the plantation arm’s net realisable asset value of RM1.26 per share.  — Shareholders advised to accept Batu Kawan's takeover offer for MKH, but reject bid for plantation unit

CBH Engineering Holding Bhd (KL:CBHB) has secured its second data centre-related contract in a fortnight, an RM88.05 million job to design and build a 275kV consumer landing station for a data centre in Selangor, with the project due for completion by May 2027. The latest job brings the group’s data centre-related contract wins over the past two weeks to RM147.66 million, including a RM59.61 million electrical infrastructure work order in Johor secured on Aug 26. — CBH Engineering lands RM88m Selangor job, second data centre-linked job in under two weeks

Hengyuan Refining Company Bhd (KL:HENGYUAN) has agreed on key terms to renew its product supply agreement with Shell Malaysia for up to 10 years from 2027 to 2036. The initial term will run for five years from 2027 to 2031, with an option to extend for another five years subject to mutual agreement. Hengyuan said the binding term sheet sets out the commercial framework for a definitive agreement to be negotiated and executed. — Hengyuan, Shell Malaysia agree key terms for 10-year offtake deal renewal

Construction outfit Vestland Bhd (KL:VLB) has secured a RM263.73 million flood mitigation contract in Kelantan, bringing its contract wins for the year to RM1.1 billion. The latest contract, its sixth win this year, involves construction of a dual-function sheet pile wall and bridge works along Sungai Golok, with completion scheduled for April 2028. Its outstanding order book now stands at RM1.5 billion. — Vestland's 2026 contract wins top RM1 bil with RM263.7m Sungai Golok flood mitigation works

Pekat Group Bhd (KL:PEKAT) has secured three subcontracts worth RM57.18 million for earthing and lightning protection works for a project in Johor Bahru. The contracts, awarded to its subsidiary Pekat E & LP Sdn Bhd, cover the design, supply, installation, testing and commissioning of the systems, including civil works and substation applications. — Pekat bags three subcontracts worth RM57 mil for earthing and lightning protection systems