KUALA LUMPUR (Oct 27): Here is a brief recap of some business news and corporate announcements that made headlines on Tuesday: 

The government is pursuing legal action, including a civil suit, against Zetrix AI Bhd (KL:ZETRIX) over its failure to remit RM314 million collected on behalf of the Road Transport Department (JPJ). Winding up the Budget 2027 debate in the Dewan Rakyat, Transport Minister Anthony Loke said the government considers any delay in remitting the funds a serious breach of contract. Revenue collected on the government's behalf must not be used as part of a company's operating funds, he said. — Govt to sue Zetrix AI over RM314m in outstanding JPJ revenue

Separately, Loke said the government has yet to decide whether to provide financial support to AirAsia Group Bhd (KL:AAGB). Any assistance for airlines, including foreign and private operators, would need to be studied. — Loke: Govt yet to decide on financial support for AirAsia

CIMB Group Holdings Bhd’s (KL:CIMB) planned sale of its business in the Philippines has drawn interest from local rivals including Bank of the Philippine Islands and Metropolitan Bank & Trust Co, Bloomberg reported, citing people with knowledge of the matter. Binding bids for the unit are due before the end of the month, the people said. Other parties have also shown interest in acquiring the assets, the people said. —  CIMB attracts BPI, Metrobank for Philippine unit sale — Bloomberg

Malaysia is expected to attract more interest as a data centre hub following the outbreak of the US-Iran war, according to SD Guthrie Bhd (KL:SDG), giving the palm oil giant and the country’s biggest landowner an opportunity to capitalise on the boom. SD Guthrie president and group chief executive officer Mohd Haris Mohd Arshad was quoted by Bloomberg as saying that Malaysia was the “most stable country” in Southeast Asia for building data centres. — Iran war boosts Malaysian data centre appeal, SD Guthrie says

Nestle (Malaysia) Bhd’s (KL:NESTLE) net profit jumped 73% to RM197.51 million for the third quarter ended Sept 30, 2026 (3QFY2026) from RM114.04 million a year earlier mainly driven by stronger sales and lower input costs. Revenue for the quarter grew 5.3% to RM1.86 billion from RM1.76 billion supported by stronger domestic demand across key product categories. The locally listed unit of the Swiss food-and-beverage conglomerate also declared a second interim dividend of 80 sen per share. —  Nestlé Malaysia reports 73% jump in 3Q earnings, raises dividend to 80 sen per share

Public Bank Bhd's (KL:PBBANK) investment holding unit LPI Capital Bhd (KL:LPI) saw its net profit fall 15.7% to RM96.8 million in 3QFY2026 from RM114.8 million a year earlier, weighed down by lower investment returns and net fair value losses. Revenue for the quarter grew marginally to RM555.52 million from RM549.31 million a year prior, supported by higher insurance revenue from its core general insurance segment. — LPI Capital 3Q net profit down almost 16% on lower investment returns

Dufu Technology Corp Bhd’s (KL:DUFU) net profit for 3QFY2026 climbed 48% to RM15.55 million from RM10.5 million a year earlier – its highest quarterly net profit in four years – driven by stronger hard disk drive component sales and a fair value gain of RM2.8 million from investments in listed shares. Revenue grew 25.6% to RM89.62 million from RM71.37 million. — Dufu posts highest quarterly profit in four years on stronger sales, fair value gain

Eco-Shop Marketing Bhd (KL:ECOSHOP) posted a higher net profit for the first quarter, buoyed by store expansion and a rise in customer transactions. Net profit for the three months ended Aug 31, 2026 (1QFY2027) rose 7.5% to RM63.19 million from RM58.76 million a year earlier. Revenue for the quarter grew 16% to RM793.68 million from RM684.33 million. — Eco-Shop 1Q net profit rises nearly 8% as store network expands

Tenaga Nasional Bhd (KL:TENAGA) has issued RM4.8 billion in Islamic medium-term notes under its RM10 billion sustainability sukuk wakalah programme to finance or refinance eligible transition projects as part of its sustainability goals. The utility giant said the issuance will increase the group's consolidated borrowings but is not expected to impact earnings. — Tenaga Nasional issues another RM4.8 bil sukuk to fund transition projects

Matrix Concepts Holdings Bhd (KL:MATRIX) via its wholly owned subsidiary Matrix Concepts (Southern) Sdn Bhd is acquiring 57 parcels of agricultural land in Johor’s Kulai-Sedenak growth corridor for RM169.31 million cash. The land will be used for mixed development with an estimated gross development value of RM2.1 billion. — Matrix Concepts to buy 57 Johor land parcels for RM169.31 mil, targeting RM2.1 bil GDV

AME Elite Consortium Bhd (KL:AME) has secured a RM120 million contract to build a manufacturing and testing facility in Nilai, Negeri Sembilan, for sustainable cooling solutions provider Baltimore Aircoil Co (BAC). The group’s construction arm, AME Construction Sdn Bhd, received the contract from project owner Rock Link Sdn Bhd. — AME Elite bags RM120 mil contract to build BAC’s Nilai manufacturing facility

Ni Hsin Group Bhd (KL:NIHSIN) has proposed a bonus issue of up to 312.65 million warrants, which could raise RM112.55 million for its working capital needs and expansion of its electric vehicle business. The exercise would involve issuing one free warrant for every two shares held by shareholders. Each warrant will allow its holder to subscribe for one new Ni Hsin share at a predetermined price within five years. — Ni Hsin plans bonus warrants to raise up to RM113 mil for working capital, EV expansion

HB Global Ltd (KL:HBGLOB) expects to miss the Oct 30 deadline to issue its annual report following the withdrawal of its external auditor UHY Malaysia PLT and the rejection of its appeal to change its financial year end from June 30, 2026, to Nov 30, 2026. As a result, it risks the suspension of trading in its shares from Nov 10. — HB Global expects to miss annual report deadline, risks trading suspension

Technology solutions provider Infomina Bhd (KL:INFOM) has secured a RM32.11 million contract from the Home Ministry to provide maintenance and technical support for the National Registration Department's (JPN) core application systems. — Infomina secures RM32.1 mil Home Ministry contract for JPN systems maintenance

Engineering services group Bintai Kinden Corp Bhd (KL:BINTAI) has secured a RM20.28 million contract from Tenaga Nasional Bhd (KL:TENAGA) for power infrastructure works in Pahang, marking its second contract win from the utility giant since exiting Practice Note 17 (PN17) status in February. Kindenko Sdn Bhd will undertake the job involving the extension of two 45MVA, 132/33kV transformers at the PMU Avetani substation in Bentong. — Bintai Kinden bags RM20 mil Tenaga contract in Pahang, second since PN17 exit

Paragon Globe Bhd (KL:PGLOBE) on Tuesday received shareholders’ approval for its proposed sale of 65 acres of land in Iskandar Puteri, Johor, to a unit of Singapore-based DayOne Data Centers Ltd for RM398.11 million. The disposal by its wholly owned subsidiary, PGB Landmark Sdn Bhd, is expected to generate an estimated net pro forma gain of RM187.43 million as it continues to selectively monetise its land bank. — Paragon Globe gets shareholders’ nod for RM398m Johor land sale to data centre firm DayOne