KUALA LUMPUR (Sept 29): The market moves, corporate deals and top headlines of the day, at a glance:
Gamuda Bhd (KL:GAMUDA) has secured a A$790 million (RM2.28 billion) engineering, procurement and construction (EPC) contract in Australia to develop the first stage of the Mortlake Energy Hub. Gamuda said its indirect wholly-owned Australian subsidiary Gamuda Engineering Pty Ltd entered into the EPC contract with MEH SubCo Pty Ltd, as trustee for the MEH Project Trust. — Gamuda bags RM2.3b Australian renewable energy hub contract
Zetrix AI Bhd (KL:ZETRIX), whose external auditors TGS TW PLT resigned on Monday, announced that it has completed the payout of its delayed cash dividend to all eligible shareholders. It said the final dividend of 2.89 sen per share for the financial year ended Dec 31, 2025, had been fully paid out, save for "affected shareholders" tied to the legal action initiated by a substantial shareholder, whose identity it did not disclose. — Zetrix AI pays out delayed cash dividend as auditor exits, excludes shares tied to shareholder's legal action
Property developer Sunsuria Bhd (KL:SUNSURIA) is selling a piece of freehold commercial land in Sepang, Selangor, for RM316.84 million cash to Amazon Data Services Malaysia Sdn Bhd — an indirectly owned unit of Amazon.com Inc. The buyer plans to use the 183,973 sq metre (45.46-acre) plot to host data processing services and infrastructure. — Sunsuria to sell Sepang land to Amazon’s local unit for RM316.84m cash
TSH Resources Bhd (KL:TSH) clarified that its RM42 million fine in Indonesia involves 1,228.89 hectares of plantations outside the licensed area of its Indonesian subsidiary PT Sarana Prima Multi Niaga (PT SPMN), and does not require it to surrender productive land as feared by analysts. Analysts who projected that the fine could shave more than 20% off TSH Resources’ projected earnings for the current financial year had flagged the surrender of productive land to the Indonesian authorities, and the potential impact on future earnings, as the bigger risk to the company. — TSH says RM42 mil Indonesian fine involves land outside reported planted area
Hap Seng Consolidated Bhd (KL:HAPSENG) said it plans to sell its Singapore-listed building materials unit for about S$140 million (RM447 million) following a takeover offer. 23 Capital Pte Ltd is offering cash per share of S$0.64, or RM2.04, to take Hafary Holdings Ltd private. Hap Seng Consolidated has agreed to accept the offer for its 50.82% stake, according to an exchange filing. 23 Capital is a vehicle owned by the Hafary founding family. — Hap Seng Consolidated to sell Singapore listed unit Hafary for S$140 mil
GUH Holdings Bhd (KL:GUH) has received the fourth and final compensation payment for the transfer of its industrial land in Suzhou, China, to the Chinese government for 195 million yuan (RM114.9 million). The electronic circuit board maker said its wholly-owned subsidiary GUH Circuit Industry (Suzhou) Co Ltd received 30.001 million yuan (RM23.72 million) from the Suzhou government. — GUH receives final payment for Suzhou land transfer
Willowglen MSC Bhd (KL:WILLOW) has secured a RM108 million contract through its Singapore subsidiary Willowglen Services Pte Ltd — an operating unit it is currently in the process of divesting. The engineering and industrial automation solutions provider said wholly-owned subsidiary Willowglen Services Pte Ltd had on Monday received the contract for the supply, installation, testing and commissioning of the systems. It did not disclose the identity of the customer, citing confidentiality obligations under its agreement. — Willowglen unit lands RM108m deal in Singapore amid ongoing divestment
KKB Engineering Bhd (KL:KKB) has secured RM462 million worth of contracts from Sarawak Shell Bhd and two other companies. KKB said its unit OceanMight Sdn Bhd received a letter of award from Sarawak Shell for the provision of engineering, procurement and construction (EPC) of fixed offshore structure works for the SK408 Teja & Populus (TePu) and Temu & Inai (TuNai) field development project. The engineering group also received supply orders from Hock Seng Lee Bhd and Bumia Sdn Bhd. — KKB Engineering bags RM462m in jobs from Sarawak Shell, 2 other firms
Kinergy Advancement Bhd (KL:KINERGY) founder Datuk Dr Lai Keng Onn has become the single largest shareholder of marine vessels operator Avangaad Bhd (KL:AVANGAAD), after acquiring a 278.38 million-share block from Sindora Bhd and Kulim (M) Bhd. Sindora held a 20.02% direct interest, while Kulim held a 0.97% direct stake in Avangaad. Kulim has a 20.02% indirect stake in Avangaad via its holdings in Sindora. — Kinergy Advancement founder Lai becomes Avangaad's single largest shareholder as Sindora, Kulim exit
Poh Kong Holdings Bhd’s (KL:POHKONG) net profit for the quarter ended July 31, 2026 (4QFY2026) jumped to RM36.20 million from RM22.68 million, as revenue grew 3.5% to RM378.36 million from RM365.5 million. The group proposed a final dividend of five sen per share for FY2026, or RM20.52 million in total — up from three sen per share that amounted to RM12.31 million for FY2025 — subject to shareholders' approval. — Poh Kong closes FY2026 on record with nearly 60% jump in 4Q profit, plans 5 sen dividend
Property developer AYER Holdings Bhd (KL:AYER) has proposed to acquire for RM138 million cash two parcels of contiguous freehold land along Jalan Kuchai Lama, with a combined area of 9.11 acres, for future development projects. AYER said its wholly-owned subsidiary, Kuchai Urban Development Sdn Bhd, entered into a conditional sale and purchase agreement with vendor Bukit Cemerlang Sdn Bhd on Sept 28. The transaction is a related‑party transaction because the Lim family are substantial shareholders of AYER and Bukit Cemerlang. The AYER stake is held through their interests in Bee Guan Sdn Bhd and Twin Trees Holdings Sdn Bhd. — AYER Holdings to acquire Jalan Kuchai Lama land for RM138m cash