KUALA LUMPUR (Sept 17): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Construction group Binastra Corp Bhd (KL:BNASTRA) saw its 2QFY2027 net profit surge nearly 80% to RM50.6 million from RM28.4 million a year earlier, as revenue jumped 66% to RM658.4 million, driven by stronger construction activity, contributions from newly acquired thermal energy firm LF Lansen Sdn Bhd and its expansion into solar installation. The group declared a four sen interim dividend, amounting to RM43.8 million, payable on Oct 16. — Binastra Corp net profit surges nearly 80% in 2Q, declares four sen dividend

Reservoir Link Energy Bhd (KL:RL) has signed a 30-year power purchase agreement with Syarikat SESCO Bhd for a 200MWac solar photovoltaic project in Tinjar, Sarawak, with an estimated development cost of RM570 million. The project, expected to be its largest single renewable energy project, is targeted to start commercial operations by Dec 31, 2029, generating about 401GWh of electricity annually. — Reservoir Link inks PPA with Sarawak state-owned firm for RM570 mil solar project

Batu Kawan Bhd (KL:BKAWAN) has raised its stake in MKH Oil Palm (East Kalimantan) Bhd (KL:MKHOP) to 79.58% after its mandatory general offer (MGO) at 66.26 sen per share concluded on Thursday. The group acquired an additional 105.3 million shares or a 10.38% stake, and received acceptances for another 88,647 shares, or a 0.01% stake, subject to verification. — Batu Kawan raises MKH Oil Palm stake to 79.58% after MGO

Zetrix AI Bhd (KL:ZETRIX) founder Wong Thean Soon has ceased to be a substantial shareholder in Cuscapi Bhd (KL:CUSCAPI) after disposing of about 103.6 million shares, or nearly an 11% stake, for up to RM5.18 million, based on Cuscapi’s Sept 11 closing price. Wong now holds about 2.5% in Cuscapi, down from roughly 28% before Aug 28. — TS Wong ceases to be substantial shareholder in Cuscapi after offloading 103.6 mil shares

Bintulu Port Holdings Bhd (KL:BIPORT) has secured a 30-year concession to continue operating Bintulu Port following its handover to the Sarawak state administration. The concession runs from Sept 1, 2026 to Aug 31, 2056, with its wholly-owned subsidiary Bintulu Port Sdn Bhd appointed as the port operator. — Bintulu Port gazetted as operator for 30 years

Glomac Bhd (KL:GLOMAC) returned to the black in 1QFY2027, posting a net profit of RM7.6 million compared with a net loss of RM1.42 million a year earlier. Revenue more than doubled to RM68.53 million from RM26.05 million, driven by higher contributions from its property development segment. — Glomac returns to profitability in 1Q on higher property development revenue

Mechanical and civil engineering firm Enproserve Corp Bhd (KL:ENPRO) has secured a RM12.31 million contract from Perbadanan Putrajaya to manage and maintain government quarters in Precinct 8, Putrajaya. The contract, which spans 36 months, covers civil and structural works, mechanical and electrical services, housekeeping, pest control and landscaping. — Enproserve wins RM12.3m contract to maintain Putrajaya govt quarters