KUALA LUMPUR (Nov 10): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

Zetrix AI Bhd (KL:ZETRIX) has until Wednesday (Nov 11) to disclose material information on its financial position, unpaid dividends and a series of governance and operational issues following a directive from Bursa Malaysia Securities Bhd. The disclosure deadline is separate from Bursa Securities’ instruction to pay outstanding cash dividends to shareholders unaffected by legal proceedings immediately, and no later than Nov 23. — Zetrix faces Nov 11 deadline to disclose financial position under Bursa’s directive

Meanwhile, Zetrix also confirmed to Bursa Malaysia it still owes RM25 million in payments that was due last Friday for a tranche of its sukuk programme. The company said it is taking steps to settle the nominal value and periodic distribution amounts of its Sukuk Wakalah Series No 6. — Zetrix AI confirms to Bursa default on RM25m sukuk obligation on Nov 6, commits to settlement

Sunway Real Estate Investment Trust (KL:SUNREIT) reported a 4% year-on-year decline in net property income to RM173.8 million for the third quarter ended Sept 30, 2026 (3QFY2026), mainly on higher operating costs and lower revenue. Revenue edged down 1.7% to RM232.3 million primarily due to the disposal of its Sunway University and College campus as part of its asset recycling strategy. For the cumulative nine months, NPI rose 1.7% to RM501.2 million as revenue grew 1.3% to RM675.7 million. No distribution was declared for the quarter under review. — Sunway REIT’s 3Q NPI dips 4% on higher operating costs, slight revenue dip

Hup Seng Industries Bhd (KL:HUPSENG) reported a 9.33% decline in net profit to RM14.03 million for 3QFY2026, amid weaker domestic demand for biscuits and lower export sales. Quarterly revenue declined 6.62% to RM98.7 million. For the first nine months of the year, net profit inched up 1.08% to RM34.95 million, despite a 2.26% decline in revenue to RM275.89 million. The board recommended a third interim dividend of two sen per share. — Hup Seng's 3Q profit falls 9% on weaker biscuit demand, declares two sen dividend

YNH Property Bhd (KL:YNHPROP) said it is banking on proceeds from a proposed land disposal in Desa Sri Hartamas to Sunway Bhd’s (KL:SUNWAY) unit and sales billings from its ongoing property developments to meet its RM170 million sukuk redemption due on Feb 26, 2027. This came after its sukuk reserve-account experienced a shortfall that triggered a technical default. — YNH outlines funding plan for RM170 mil sukuk redemption amid sukuk reserve shortfall

Favelle Favco Bhd’s (KL:FAVCO) Australian unit has secured two tower crane supply orders worth a combined RM83.7 million from Marr Contracting Pty Ltd and G A Caelli Holdings Trust. The cranes to be supplied to Marr Contracting are expected to be delivered by the first quarter of 2027, while those for G A Caelli Holdings Trust are scheduled for delivery by the end of 2027. — Favelle Favco bags RM83.7m in Australian tower crane orders 

Critical Holdings Bhd (KL:CHB) has secured engineering, procurement and construction contracts worth RM65 million from a multinational corporation for cleanroom works in northern Peninsular Malaysia. The contracts, covering the design, construction, testing and commissioning of a new cleanroom production floor, including mechanical, electrical and process utilities, as well as cleanroom architectural systems, are scheduled for completion by March 31, 2027. — Critical Holdings bags RM65 mil cleanroom contracts from multinational

PMW International Bhd (KL:PMW) has secured an additional RM64.37 million in contract value as well as a one-year extension for its spun concrete poles supply job for Tenaga Nasional Bhd (KL:TENAGA). With the RM19.31 million under the optional value contract secured in August this year, and the contract’s initial value of RM64.37 million, its aggregate value stands at RM148.05 million. — PMW gets RM64m extension for Tenaga concrete pole supply job

Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.87 million construction works contract for a project located at Taman Perdagangan Elmina in Rawang. The contract involves the construction and completion of Phase i25, comprising 14 units of two-storey detached factories across various types, complete with electric vehicle (EV) charging bays, refuse chambers, one main switch station, and two distribution substations. Works are scheduled to start on Nov 30, 2026, and be completed within 22 months. — Kumpulan Kitacon bags RM55m construction job in Selangor

Advancecon Holdings Bhd (KL:ADVCON) has secured a RM41.52 million contract to undertake earthworks and main infrastructure works at Southern Ibrahim Technopolis (IBTEC) in Kulai, Johor. The latest contract, awarded by JLG Technopark Sdn Bhd, a unit of Johor Corporation, marks its third contract from JLG for works at IBTEC. — Advancecon bags third earthworks job in Johor's Southern Ibrahim Technopolis

Jati Tinggi Group Bhd’s (KL:JTGROUP) has secured a RM33.1 million subcontract to undertake electrical infrastructure works for interim power supply to a data centre in Gerbil, Negeri Sembilan from an unnamed main contractor. The works, covering the construction of a transition yard, overhead line take-off works and associated secondary system modifications, will be carried out over nine months. — Jati Tinggi wins RM33 mil contract for power supply to Gerbil data centre