KUALA LUMPUR (March 19): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

YTL Power International has set up YTL AI Cloud, a specialised provider of massive-scale graphics processing unit (GPU)-based accelerated computing, to deploy and manage one of the world’s most advanced supercomputers on Nvidia Grace Blackwell-powered DGX Cloud, an artificial intelligence (AI) supercomputer for accelerating the development of generative AI. YTL Power said it is among the first companies to adopt the Nvidia GB200 NVL72, which is a multi-node, liquid-cooled, rack-scale system with fifth-generation NVLink. The supercomputer will be interconnected by the Nvidia Quantum InfiniBand networking platform. — YTL Power set to deploy and manage Nvidia’s AI supercomputer in Johor

Integrated palm oil milling services provider Ecoscience International Bhd is partnering with Netherland renewable energy firm Maatschappij Wilhelmina NV (Wilhelmina), to build and manage Wilhelmina’s TG2 black pellet plant in Kuantan, Pahang at an estimated cost of US$60 million (RM283.65 million). Wilhelmina will finance, own and operate the TG2 black pellet plant. Meanwhile, Ecoscience will undertake the engineering, procurement and construction (EPC) work for the plant. — Ecoscience partners Dutch RE firm to build, manage TG2 black pellet plant in Kuantan

Eita Resources Bhd said its 60%-owned unit has won a RM47.96 million contract from Tenaga Nasional Bhd to supply a new outdoor transmission substation in Ayer Puteh, Perak. The scope of work includes the erection, testing and commissioning of the 132kV conventional substation, as well as civil, transmission lines and remote ends relay retrofits by which the two-year contract is effective from March 8. — Eita Resources bags RM48m job from TNB to build Perak substation

FGV Holdings Bhd said it has been granted a further six-month extension until Sept 2 by Bursa Securities to comply with the public shareholding spread requirement. This marks the sixth time the plantation group has received an extension from the regulator to comply with the requirement. FGV said its public shareholding spread remained at 13.09% as of Feb 16, compared to the minimum requirement of 25%. — FGV gets sixth extension to comply with public shareholding spread requirement

Datuk Farhash Wafa Salvador, who recently emerged as a substantial shareholder in HeiTech Padu Bhd with a 15.91% stake, has clarified that he shares ownership of the shareholding in the company, held via private vehicle Rosetta Partners Sdn Bhd, with Kelantan's Sultan Muhammad V.  He emerged as a substantial shareholder in HeiTech Padu after Rosetta Partners bought 6.16 million shares on March 11 and 9.69 million shares on March 12, resulting in a 15.91% stake in the company. Rosetta Partners is wholly-owned by Mfivesouthsea Sdn Bhd, which is in turn jointly-owned by the sultan and Farhash.  — Farhash says shareholding in HeiTech Padu co-owned with Kelantan Sultan, denies ties with govt

South Malaysia Industries Bhd (SMI) has decided against tabling Datuk Au Yee Boon-related company Honsin Apparel Sdn Bhd’s resolutions to appoint two new directors at the group’s annual general meeting next week. SMI said this is pursuant to Rule 15.01 of the Rules on Take-Overs, Mergers and Compulsory Acquisitions (Take-over Rules), stipulating that no nominee of an offeror or persons acting in concert shall be appointed to the board, nor may an offeror and persons acting in concert exercise voting shares or voting rights in the offeree, until the offer document has been dispatched. — SMI says no to Au Yee Boon-linked units’ bid to appoint directors at AGM