KUALA LUMPUR (Nov 2): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:

United Malacca Bhd (KL:UMCCA)'s largest shareholder, Prosper Trading Sdn Bhd, failed to make a mandatory takeover offer in September 2024 after overlooking its links to Australian-listed PRL Global Ltd, which caused its collective shareholding to exceed the 33% takeover threshold. The oversight was discovered in April 2026, prompting Prosper Trading and its ultimate owners, brothers Tee Kim Tee and Tee Cheng Hua, to offer cash compensation to eligible shareholders who sold their shares below RM6.10 apiece between Sept 26, 2024 and Oct 9, 2026. The compensation claim deadline is Dec 17, while the belated takeover offer at RM6.10 per share closes on Nov 23. — Prosper's overlooked PRL Global ties behind delayed United Malacca takeover offer  

Handal Energy Bhd (KL:HANDAL) faces possible delisting after Bursa Malaysia issued a show-cause notice over its failure to submit its annual report and audited financial statements for the financial period ended Dec 31, 2025, more than six months after the April 30 deadline. The oil and gas services provider has until Nov 10 to explain why it should not be delisted. Its shares have been suspended from trading since May 11, while the group has recorded losses for 13 consecutive quarters. — Handal Energy faces delisting over six-month delay in annual report submission  

CTOS Digital Bhd (KL:CTOS) has fully restored all credit reporting services affected by a cybersecurity breach disclosed in September. The restored services include CTOS Score and reports related to the Central Credit Reference Information System (CCRIS). The group had previously estimated that the incident would reduce its financial year 2026 net profit by RM12 million and revenue by RM16 million. — CTOS fully restores services following cybersecurity breach

ISF Group Bhd (KL:ISF) has secured four contracts worth a combined RM83.23 million for a hyperscale data centre in Port Dickson, Negeri Sembilan, marking its largest announced contract wins to date. The contracts, awarded to its wholly owned subsidiary Yeo Plumber Sdn Bhd, cover plumbing, water distribution, sanitary services and sewerage works, with completion scheduled between November 2026 and July 2028. The latest wins boost the group's unbilled order book to RM225.5 million, providing earnings visibility through FY2029. — ISF Group grows order book to RM225.5m with data centre contracts worth RM83.2m  

Shares of Mega Fortris Bhd (KL:MEGAFB), GIIB Holdings Bhd (KL:GIIB) and Ni Hsin Group Bhd (KL:NIHSIN), all linked to businessman Datuk Ng Meng Kee, rebounded sharply on Monday after suffering steep losses last week. At market close on Monday, Mega Fortris surged 29.73% to RM2.88, GIIB jumped 38.89% to 50 sen, while Ni Hsin gained 30.77% to 34 sen. The rebound followed a two-day sell-off that prompted Bursa Malaysia to issue unusual market activity queries to all three companies. — Mega Fortris, GIIB and Ni Hsin rebound after last week's sell-off

Econpile Holdings Bhd (KL:ECONBHD) has secured a RM73 million contract to undertake piling and foundation works for a new building at Hospital Tung Shin in Kuala Lumpur. The 21-month project covers earth-retaining structures, piling, pile caps and basement works. This marks the group's second contract win for the financial year 2027, following a RM24.4 million piling job for a 53-storey serviced apartment project along Jalan Tun Razak in October. —  Econpile bags RM73 mil contract for new Tung Shin Hospital building  

Infomina Bhd (KL:INFOM) has secured a five-year appointment from US technology company Broadcom to distribute and support its Agile Operations Division software across 13 Asia Pacific markets, including Malaysia, Singapore, China, Australia and India. The appointment, effective from Nov 1, 2026, to Nov 2, 2031, expands Infomina's existing Broadcom software business into enterprise automation, network operations and IT management. The group has been distributing Broadcom's mainframe software since 2019. — Infomina secures five-year Broadcom appointment to expand software business across 13 Asia Pacific markets

Signature Alliance Group Bhd (KL:SAG) has secured a RM51.56 million contract to redevelop Underwater World Langkawi, an aquarium owned by a subsidiary of Eden Inc Bhd (KL:EDEN). The contract, awarded to its wholly owned subsidiary Zig Zag Builders (M) Sdn Bhd, involves redevelopment and refurbishment works over 18 months, starting Nov 13. The project is expected to contribute positively to the group's earnings and will add to its unbilled order book of RM228.6 million as at June 30, 2026. — Signature Alliance bags RM52 mil contract to redevelop Langkawi aquarium

Pekat Group Bhd (KL:PEKAT) is acquiring six adjoining industrial land plots in Nilai, Negeri Sembilan, from Sime Darby Property Bhd (KL:SIMEPROP) for RM30.58 million to support its expansion plans. The land, measuring a combined 38,108 sq m, will be used for its switchgear manufacturing operations, as well as its battery energy storage system, transformer and substation businesses. The acquisition is expected to be completed within 48 months. —  Pekat buys six industrial land plots in Nilai from Sime Darby Property for RM31 mil  

Kretam Holdings Bhd (KL:KRETAM) executive chairman Yin Kong Fung has resigned after nearly three years, citing other work commitments. Yin, 48, also stepped down as executive director effective Nov 1. Separately, the Sabah-based oil palm plantation group appointed Chiong Yong Foo, 61, as a non-independent non-executive director. Chiong holds a 20% indirect stake in Kretam through two private companies and is the uncle of the group's executive director Chiong Li Wei. — Kretam executive chairman Yin Kong Fung resigns, Chiong Yong Foo joins board