KUALA LUMPUR (Oct 20): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday: 

SD Guthrie Bhd (KL:SDG) denied allegations that its subsidiaries or employees caused forest and land fires in Indonesia, saying it does not own or control some firms identified as its affiliates mentioned in public reports. It also reiterated its zero-burning policy, in place since 1985, and its “no deforestation, no peat and no exploitation” commitment. — SD Guthrie denies its estates cause fires in Indonesia

The Securities Commission Malaysia has extended the deadline to Nov 30 for major shareholders MISC Bhd (KL:MISC) and the Employees Provident Fund (EPF) to announce whether they intend to take Yinson Holdings Bhd (KL:YINSON) private. The extension will allow Yinson Legacy Sdn Bhd — an investment vehicle linked to Yinson executive chairman Lim Han Weng and his family — MISC and EPF to continue evaluating and discussing the exercise that will be undertaken through a scheme of arrangement. — SC extends deadline to Nov 30 for MISC, EPF to declare intention on Yinson privatisation

Gamuda Bhd (KL:GAMUDA) has signed an agreement with the Perak government to develop and operate the Northern Perak Water Supply Scheme, which will transfer up to 1,500 million litres per day  of raw water from Sungai Perak to Bukit Merah Dam. The agreement involves Khazanah Air Perak Sdn Bhd (KAP), a 50:50 joint venture between Gamuda and Perbadanan Kemajuan Negeri Perak, and KAP’s wholly-owned subsidiary, Prasarana Air dan Irigasi Perak Sdn Bhd (PAIPP). — Gamuda signs agreement with Perak government for 1,500 million litres per day water supply scheme

Zetrix AI Bhd (KL:ZETRIX) managing director Wong Thean Soon (TS Wong) has offloaded another 3.13 million shares, bringing his stake down to 1.85%. The shares were sold by his investment vehicle Asia Internet Holdings Sdn Bhd on Oct 19 at five sen apiece, reducing his indirect stake to 1.3%. Wong directly holds another 0.55%. The further reduction in his shareholding complicates Zetrix AI’s efforts to remedy the covenant breach, which requires Wong to remain the company’s largest shareholder, by the Oct 22 deadline. —  Zetrix AI MD TS Wong's stake down to 1.85%

LYC Healthcare Bhd (KL:LYC) has managed to delay its delisting from the ACE Market pending an appeal with Bursa Malaysia Securities. The group lodged the appeal ahead of the Oct 26 deadline, staving off the delisting slated for Oct 29. However, the suspension of trading in LYC Healthcare securities from Oct 27 is expected to go ahead. — LYC Healthcare delisting deferred pending Bursa appeal 

Computer Forms (Malaysia) Bhd (KL:CFM) has applied for leave to commence judicial review proceedings against Bursa’s decision to publicly reprimand the company for breaches of listing requirements involving its failed electric vehicle (EV) joint venture. Bursa had publicly reprimanded Computer Forms and fined eight of its current and former directors a combined RM2 million for multiple breaches of listing requirements involving the proposed joint venture with EA Mobility Holding Co Ltd. — Computer Forms seeks leave to initiate judicial review over Bursa public reprimand, fine

Bus Cap Bhd (KL:BUSCAP) has entered into a deal with Starcharge Energy Sdn Bhd to explore electric vehicle (EV) charging infrastructure and related services in Malaysia, as the bus manufacturer seeks to diversify beyond vehicle production. This could also pave the way for the group to explore solar energy, battery storage and smart energy management solutions. — Bus Cap teams up with StarCharge to venture into EV charging infrastructure

South Malaysia Industries Bhd (KL:SMI) has succeeded in its bid to remove six directors nominated by largest shareholder Target 1 Sdn Bhd, after the High Court quashed the Securities Commission Malaysia’s approval of their appointments. The court also ordered the SC to pay RM15,000 in costs. The six nominees included former Perak police chief Datuk Mior Faridalathrash Wahid. — South Malaysia Industries wins court battle to remove six directors picked by major shareholder and approved by SC