KUALA LUMPUR (Sept 11): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Hextar Industries Bhd's (KL:HEXIND) RM177.48 million deal with Woodpeckers Group Sdn Bhd has fallen through after seven months. The group said the acquisition deal has been called off due to certain undisclosed conditions not being met as of the Sept 11 deadline. The deal, originally made back on Feb 12, would have Hextar Industries acquiring a 51% stake in Woodpeckers Group, a master franchisee of the llaollao frozen yoghurt chain in Malaysia. — Hextar Industries’ llaollao deal melts away after RM177.5 mil acquisition falls through

Vestland Bhd (KL:VLB) has secured a RM410 million contract to undertake construction works for a mixed-use development on Jalan Ampang here. This marks Vestland’s second contract win in under a week, following the RM263.73 million job it secured for flood-mitigation works along Sungai Golok in Kelantan on Monday. The group said its wholly owned subsidiary had accepted a letter of award from Golden Armani Sdn Bhd to undertake superstructure, landscaping, facilities floors, façade lighting, signage and related miscellaneous works. — Vestland bags RM410 mil contract for mixed-use development on Jalan Ampang; second win in under a week

Citaglobal Bhd (KL:CITAGLB) has secured an RM82.1 million subcontract to design and build a new residential college at Institut Pendidikan Guru Kampus Bahasa Melayu in Lembah Pantai here. The group said its wholly owned unit had accepted the project's letter of award from the main contractor Purnama Base Sdn Bhd, which is undertaking the project for the Public Works Department. — Citaglobal bags RM82.1 mil residential college subcontract

PTT Synergy Group Bhd (KL:PTT) is acquiring a 3.925-hectare parcel of freehold land in Penang for RM62.53 million in cash. Its wholly owned subsidiary PTT Logistics Hub 3 Sdn Bhd has entered into a sale and purchase agreement with an individual, Lee Mooi Khean, to acquire the land, located at Lot 1597, Mukim 12, in the district of Seberang Perai Selatan. PTT Synergy said the land will be held as an investment property, with potential for future development in line with the group’s business expansion plans. — PTT Synergy buys Penang land for RM62.5 mil

Newly listed GTA Holdings Bhd (KL:GTA) is expanding its aviation support business into Brunei after securing an authorised distributorship from Safran Helicopter Engines Asia. GTA said its wholly owned subsidiary Global Turbine Asia Sdn Bhd has formalised a distributor agreement with Safran, allowing it to market and support selected Safran helicopter engine products in Brunei. The agreement follows a memorandum of understanding signed by the two parties in July to expand their collaboration beyond Malaysia. — GTA expands into Brunei with Safran helicopter engine distributorship

YNH Property Bhd (KL:YNHPROP) has been given until Dec 31 to fulfil outstanding conditions for its RM170 million land sale to Sunway Bhd (KL:SUNWAY), failing which the purchaser will have the right to terminate the deal. The latest deadline, extended from Sept 12, was agreed under a sixth supplemental agreement signed between YNH's wholly owned subsidiary Kar Sin Bhd, Sunway's unit Sunway Living Space Sdn Bhd, registered proprietor Imbuhan Sempurna Sdn Bhd and first beneficial owner Great Wall Park Sdn Bhd. — YNH gets until Dec 31 to meet conditions for RM170m Sunway land sale or risk termination

Cuscapi Bhd’s (KL:CUSCAPI) largest shareholder Wong Thean Soon, otherwise known as TS Wong, has more than halved his stake in the company over the past two weeks, as the forced selling of his shares hits a second listed company. He reduced his direct ownership from 25.13% to 10.49%. The pledged shares were sold between Aug 28, 2026, and Sept 7. This happened around the same time as the forced selling of his shares in Zetrix AI Bhd (KL:ZETRIX). — TS Wong more than halves stake in Cuscapi as forced selling hits second company