KUALA LUMPUR (Oct 14): Here is a brief recap of some business news and corporate announcements that made headlines on Wednesday:

EcoSys (Malaysia) Bhd's (KL:ECOSYS)  shares almost tripled in value on its first day of listing on the ACE Market amid strong demand for a piece of the semiconductor services firm. The stock opened at 70 sen, up 159% or 43 sen above its initial public offering (IPO) price of 27 sen and ended the day at 80 sen, which is a 53 sen increase or 196% from the IPO price, valuing the group at  RM457 million. — EcoSys shares almost triple in value on ACE Market debut

Gamuda Bhd (KL:GAMUDA) said its joint venture has secured a contract worth RM3.7 billion to build the Keelung mass rapid transit system (MRT) and trackwork project in Taiwan. The construction and engineering group will hold a majority participating interest of 72.84%, valued at RM2.7 billion, in the unincorporated joint venture, and Taiwan-based MiTAC Information Technology Co the remaining 27.16%. — Gamuda JV gets RM3.7b contract to build Taiwan urban rail system

Epicon Bhd (KL:EPICON) said its 70%-owned subsidiary has accepted a RM47.38 million subcontract from IJM Construction Sdn Bhd for the supply of concrete support beams for the New Pantai Expressway (NPE) extension. The project, secured by Concrete Empire Sdn Bhd, is expected to commence in mid-November and be completed by end-November 2028. The NPE extension project, better known as NPE2, comprises approximately 15.9km of elevated highway and ramps connecting the Pantai Toll Plaza to Jalan Istana via Jalan Syed Putra. — Epicon unit secures RM47 mil subcontract for NPE highway extension

AWC Bhd (KL:AWC) said on Wednesday it has secured a RM40 million subcontract for plumbing and sanitary works at a hyperscale data centre in Bandar Spring Hill, Port Dickson, Negeri Sembilan. The subcontract was awarded by Gamuda Bhd (KL:GAMUDA) unit Gamuda Engineering Sdn Bhd to AWC's wholly owned unit Qudotech Sdn Bhd. — AWC bags RM40m subcontract for plumbing, sanitary work at Port Dickson data centre

JAG Bhd (KL:JAG) said it is acquiring a freehold industrial land in Shah Alam for RM36.89 million cash to expand its total waste management business. The group, through its wholly-owned subsidiary JAG Renewable Energy Sdn Bhd, is buying the 15,000-square-metre land in the Hicom Industrial Estate from Japan-based Kobe Steel Ltd. The group said it will finance the acquisition through internal funds and bank borrowings.  — JAG acquires industrial land in Shah Alam to expand total waste management business

Genting Bhd (KL:GENTING) has earmarked RM280 million from its proposed RM1.25 billion rights issue to pay interest and other financing costs. The sum will be utilised from the proposed working capital allocation of RM429.5 million, Genting said in its reply to Bursa Malaysia’s queries on Wednesday. The remaining RM149.5 million would be allocated for general working capital requirements to cover expenses such as employee-related costs, professional fees, regulatory and compliance charges, tax liabilities and operating and administrative expenses. — In a response to Bursa query, Genting says will use RM280m from working capital portion of rights issue for interest costs

Infomina Bhd (KL:INFOM) started strong in its first quarter, posting a 26.76% increase in net profit as higher contributions from its technology infrastructure operations segment boosted performance. The IT infrastructure services provider announced a net profit of RM10.30 million in the three months ended Aug 31, 2026 (1QFY2027), up from RM8.13 million a year earlier. Its revenue jumped almost 40% to RM76.19 million in the same period from RM54.63 million, driven primarily by higher contributions from its technology infrastructure operations, maintenance, and support services division. No dividend was declared. — Infomina 1Q profit up 27% on strong IT infrastructure demand

Bus Cap Bhd’s (KL:BUSCAP) share price jumped 22.61% on Wednesday, triggering an unusual market activity (UMA) query from Bursa Malaysia Securities. The regulator asked the bus manufacturer, which was listed in June this year, to clarify whether any unannounced corporate developments, market rumours or other factors could explain the price increase. It also asked the company to confirm whether it had complied with Bursa Malaysia’s disclosure requirements. The company’s shares reached a high of RM1.26 apiece during trading before paring some gains to close at RM1.22, placing the stock among the top gainers but not the most actively traded counters. — Bus Cap jumps almost 23%, triggering UMA query

IHH Healthcare Bhd (KL:IHH) is considering joining the race to buy Malaysian hospital assets being sold by TPG Inc, people with knowledge of the matter said. TPG has also been sounding out interest from other potential bidders including Warburg Pincus, the people said, asking not to be identified as the process is confidential. They would be competing with private equity firms Blackstone Inc, EQT AB and KKR & Co. First-round bids are expected to be submitted by the end of this month. — IHH said to join race for TPG’s Malaysian hospitals