KUALA LUMPUR (Sept 30): Here is a brief recap of some business news and corporate announcements that made headlines on Wednesday:

UWC Bhd (KL:UWC) achieved record performance for its financial year 2026, as its fourth quarter earnings more than doubled to RM37.6 million from RM16.37 million. This boosted its full-year net profit to RM93.84 million from RM40.51 million in FY2025, as revenue climbed 54.1% to RM594.89 million. Both full-year top and bottom line were the highest-ever recorded since the group's listing in 2019. — UWC ends FY2026 with record numbers as 4Q profit more than doubles

Fraser & Neave Holdings Bhd (KL:F&N) said its chief executive officer Lim Yew Hoe, 60, will retire effective Wednesday, after the Singaporean helmed the group for more than 11 years. Tarang Gupta, 49, an Indian national, has been appointed chief executive officer effective Oct 1. Gupta was formerly managing director of Dutch Lady Milk Industries Bhd (KL:DLADY) from 2018 to 2021. — F&N announces CEO's retirement, ex‑Dutch Lady MD Tarang Gupta to succeed

Astro Malaysia Holdings Bhd (KL:ASTRO) sank into the red in the May-July quarter — its first quarterly loss since late 2023 — dragged by unrealised foreign exchange losses and lower top line as subscription revenue dropped. The group recorded a net loss of RM25.8 million for the second quarter ended July 31, 2026 (2QFY2027), from a net profit of RM16.39 million a year earlier, as revenue dropped 7.24% to RM633.75 million from RM683.21 million. — Forex losses, lower subscription revenue pull Astro into the red

Divfex Bhd (KL:DFX) has secured two contracts worth RM120.12 million to supply equipment for a 15MW data centre fit-out in Penang. Under agreements signed on Wednesday, its wholly-owned Diversified Gateway Bhd will supply generator sets, transformers, switchgear and low-voltage equipment worth RM84.44 million, while 51%-owned Excel Commerce Solutions Sdn Bhd will supply RM35.67 million worth of cables. — Divfex wins RM120m data centre equipment jobs in Penang

Zetrix AI Bhd (KL:ZETRIX) and IPVG Employees Inc have agreed to extend by three months the deadline to complete the Malaysian company's purchase of a 50% stake in Philippines-based MyEG Ventures Inc. The purchase was originally scheduled to be concluded on Wednesday — the end of the third quarter of this year. — Zetrix AI, IPVG Employees extend deadline of MyEG Ventures deal by three months

Batu Kawan Bhd’s (KL:BKAWAN) unconditional mandatory takeover of MKH Bhd (KL:MKH) has crossed the 95% threshold, paving the way for the property developer’s delisting. — Batu Kawan’s takeover of MKH crosses 95%

Chin Hin Group Property Bhd (KL:CHGP) is selling its entire interest in four loss-making subsidiaries involved in the commercial vehicle and bodyworks business to HSG Sdn Bhd for a combined RM62 million in cash, to focus on its property development business. HSG is a holding company owned equally by four brothers — Datuk Seri Teoh Hai Hin, Teoh Hai Peng, Datuk Teoh Hai Bim and Teoh Hai Seng. — Chin Hin Group Property exits commercial vehicle business in RM62m cash deal

ES Sunlogy Bhd (KL:SUNLOGY) slipped into the red in the last quarter of its financial year, citing one-off impairment losses on trade receivables, property, plant and equipment. The energy solutions provider said it made a net loss of RM5.64 million for the quarter ended July 31, 2026 (4QFY2026) compared with a net profit of RM5.38 million a year ago. — Impairments drag ES Sunlogy into the red in 4Q as full-year profit shrinks 91%

One of the brothers who co-founded Solid Automotive Bhd (KL:SOLID), Ker Boon Kee, has transferred his shares in the company to his children, making his son and executive director Ker Keddy the company’s second-largest shareholder. Boon Kee made off-market transfers of 48.44 million shares, or his entire 9.33% interest in the company, to his four children on Sept 29. This included the transfer of 12.11 million shares, equivalent to a 2.33% stake, to Keddy. — Solid Automotive’s co-founder Ker Boon Kee transfers shares to children, son Keddy emerges as second-largest shareholder