KUALA LUMPUR (Oct 12): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:

AirAsia Group Bhd (KL:AAGB) co-founder Tan Sri Tony Fernandes met with officials from Malaysia's Finance Ministry two weeks ago to discuss potential government support for Southeast Asia's largest low-cost airline, Reuters reported, citing sources. Discussions centred on the prospect of the government backing AirAsia's fundraising efforts provided the airline agreed to proposed conditions, which remain under discussion. Reuters could not immediately determine details of the proposed conditions. Fernandes told Reuters on Friday that he had met with officials from Malaysia's finance and transport ministries during the week starting Sept 28 at his request. He said the discussions focused on aviation-related costs such as airport charges and fuel, not financial assistance. — AirAsia in talks with govt over potential funding support — Reuters

IJM Corporation Bhd (KL:IJM) has secured a RM1.23 billion contract from AT&S Austria Technologie & Systemtechnik (Malaysia) Sdn Bhd to construct semiconductor manufacturing facilities at the Kulim Hi-Tech Park in Kedah. The project involves the construction of a four-storey production building, a three-storey central utility building and a single-storey wastewater treatment facility. AT&S Malaysia is a subsidiary of Vienna-listed Austria Technologie & Systemtechnik AG (AT&S), an Austrian manufacturer of high-end printed circuit boards (PCBs) and integrated circuit substrates, which are used to connect semiconductor chips to circuit boards. — IJM bags RM1.23 bil contract to build AT&S semiconductor manufacturing facilities in Kedah

Zetrix AI Bhd’s (KL:ZETRIX) managing director Wong Thean Soon, better known as TS Wong, has continued to sell down his shareholding, further reducing his stake in the company. With a 3.091% direct interest and a 3.347% indirect stake, he remains the company’s sole substantial shareholder. About 142 million shares directly held by Wong were sold at prices ranging from seven sen to 11.2 sen apiece, for a total of RM11.6 million. Wong’s total shareholding has fallen by 78% to 508.41 million shares from 2.33 billion before the sell-off began in late August. Separately, the company said its independent director Datuk Seri Mohd Mokhtar Mohd Shariff resigned on Monday, citing personal commitments. The filing showed that there were no disagreements between him and the board and that there are no matters that need to be brought to the attention of shareholders. — TS Wong’s stake in Zetrix falls further, independent director Mohd Mokhtar resigns

IOI Properties Group Bhd (KL:IOIPG) is eyeing a 50% stake in One Raffles Place, an integrated commercial development in Singapore’s central business district. The group said it had jointly submitted an expression of interest with an investment entity managed by CapitaLand Investment Ltd to acquire a 100% interest in One Raffles Place on a 50:50 basis. OUE REIT, backed by Indonesia’s Riady family, which controls the Lippo Group, owns an 81.54% stake in the property through a subsidiary, while United Overseas Bank holds the remaining 18.46% and occupies part of the complex. The parties are working towards finalising the definitive agreements and related transaction documents, subject to the satisfactory completion of due diligence during the exclusivity period. — IOI Properties looking to take 50% stake in Singapore’s One Raffles Place

MN Holdings Bhd (KL:MNHLDG) has secured a RM293.88 million contract to build two high-voltage power facilities for a data centre development in the central region of Peninsular Malaysia. Its wholly-owned MN Power Transmission Sdn Bhd had accepted a letter of award from an undisclosed Malaysian company involved in providing infrastructure for hosting, data processing and related services. The exact location of the project was also not disclosed. — MN Holdings bags RM294 mil job to build power facilities for a data centre

Swift Energy Technology Bhd (KL:SET) said it has secured a contract to engineer and supply a 11kV substation for a gas compression plant in Johor, marking its first engineering, procurement, construction, and commissioning (EPCC) project. The contract, secured by subsidiary Swift Energy Sdn Bhd from an undisclosed integrated oil and gas company, is part of a series of purchase orders with a cumulative value of RM59.07 million. — Swift Energy in first substation EPCC for gas compression plant in Johor

Kinergy Advancement Bhd (KL:KINERGY) has secured a RM47.5 million subcontract from Gamuda Bhd's (KL:GAMUDA) unit for electrical works at a hyperscale data centre in Bandar Spring Hill, Port Dickson. The data centre is for a multi-national technology company headquartered in the US, which was not named in the filing. Under the contract, Kinergy will design, supply, install, test and commission the electrical infrastructure, including substations, transformers, power distribution systems, cabling, lighting, backup power systems and EV charging facilities. — Kinergy bags RM47.5 mil electrical works contract for hyperscale data centre

iCents Group Holdings Bhd (KL:ICENTS) said it has secured a contract worth RM36.15 million to undertake engineering, procurement, construction and commissioning (EPCC) works for the turnkey development of a semiconductor wafer processing facility in Selangor. The contract was awarded by a Malaysian subsidiary of a US-based company, iCents said, without identifying the company. — iCents Group bags RM36 mil job from US-based company for EPCC works in Selangor

Infomina Bhd's (KL:INFOM) wholly-owned subsidiary, Infomina Jalan KK, has renewed its five-year software subscription and maintenance contract worth ¥855 million (about RM22.1 million) with Panasonic Digital Co Ltd. Under the contract, Infomina Japan will be responsible for procuring and administering software licence subscriptions; managing billing arrangements; coordinating support and licence changes; and overseeing licence usage reporting and compliance. Infomina said the contract serves as the backbone for Panasonic Digital’s operations, allowing the company to process massive amounts of data while automating analysis and reporting for the company to make informed decisions at scale. — Infomina renews RM22.1 mil contract with Panasonic Digital

LAC Med Bhd (KL:LACMED) has secured a seven-year contract worth up to RM20 million to supply medical imaging equipment and related services to an upcoming specialist healthcare centre in Petaling Jaya, Selangor. The contract was awarded by Health Capitol Specialist Centre Sdn Bhd to LAC Med's wholly-owned subsidiary LAC Medical Supplies Sdn Bhd (LMS) under a master services agreement. Under the agreement, LMS will supply, install, test and commission medical equipment, alongside providing maintenance, technical support and other related services throughout the contract period. — LAC Med bags RM20 mil imaging equipment supply contract for new PJ medical centre