KUALA LUMPUR (Sept 24): Here is a brief recap of Wednesday’s key business news and corporate announcements:

There is a growing vacuum in the top management of CTOS Digital Bhd (KL:CTOS), with its group chief financial officer (CFO) joining the chief executive officer in departing the credit reporting firm. Chiam Hsing Chee will step down as group CFO effective Sept 28 due to personal commitments abroad. CTOS, in which the Employees Provident Fund holds a 21.47% stake, has yet to name his successor. — After losing CEO, CTOS sees departure of finance chief

Sentral REIT (KL:SENTRAL) said Teh Wan Wei has stepped down as CEO of the investment trust's manager, Sentral REIT Management Sdn Bhd, with immediate effect to pursue other career opportunities. — Teh Wan Wei steps down as Sentral REIT CEO after over three years

NexG Bhd (KL:NEXG), formerly Datasonic Group Bhd, has unveiled its own digital identity platform known as MyNasional. The company is marketing MyNasional as a platform that unifies biometric electronic know-your-customer for secure identity, artificial intelligence and data intelligence to government agencies, small and medium businesses, and national programmes. — NexG launches its own MyNasional private digital ID platform

Separately, the group announced a RM250 million two-phase expansion plan to scale up its passport and secure ID production capabilities. — NexG allocates RM250m to scale secure ID capacity

LB Aluminium Bhd (KL:LBALUM), which is involved in the aluminium and property development businesses, posted a 30.9% year-on-year increase in first-quarter earnings, lifted by stronger contributions from its property segment on the back of higher sales. For the three months ended July 31, 2025, LB Aluminium’s net profit rose to RM11.6 million, up from RM8.86 million a year earlier. Revenue slipped 3.33% to RM270.43 million, down from RM279.76 million. — LB Aluminium’s 1Q profit jumps 31% on stronger property contributions

Kronologi Asia Bhd (KL:KRONO) saw its net profit drop nearly 35% in the just-ended quarter amid a sharp decline in revenue from Singapore and Philippines. Net profit for the second quarter ended July 31, 2025 totalled RM1.05 million or 0.14 sen per share. Quarterly revenue, however, fell some 27% year-on-year to RM60.89 million, dragged by all major markets even as it more than doubled its billings from China. — Kronologi’s 2Q net profit falls 35% amid lower revenue from Singapore, Philippines

Generator rental firm Express Powerr Solutions (M) Bhd (KL:XPB), which made its ACE Market debut on Wednesday, expects to sustain strong profit margins in the financial year ending Dec 31, 2025 (FY2025), despite changes to its Sabah contract structure this year. While Sabah market’s contribution — about 30% of its FY2024 revenue — will ease as diesel costs are excluded, managing director Lim Cheng Ten said margins will be supported by the group’s new two-year contract and contributions from rig-safe and plant maintenance jobs in the oil and gas sector. — Express Powerr bets on better margins post-listing despite removal of diesel pass-through costs

Winstar Capital Bhd (KL:WINSTAR) is still awaiting approvals from several agencies to fire up its third aluminium extrusion plant in Ijok, Selangor. The Certificate of Completion and Compliance, along with approvals from the fire department and national electric utility, are still pending for the plant that, once operational, will more than double its capacity, said CEO Chua Boon Hong. — Winstar still waiting for approvals to fire up new aluminium plant

Rex Industry Bhd (KL:REX) has proposed to change its name to ETA Group Bhd, with the emergence of ETA Industries Sdn Bhd as its new controlling shareholder. The name change has received the greenlight from the Companies Commission of Malaysia and is now subject to approval by Rex Industry shareholders at an extraordinary general meeting. The rebranding comes as ETA Industries — controlled by Rex Industry CEO Lim Chin Hui— increased its stake in Rex Industry to 55.04% following the close of its mandatory takeover offer on July 25. — Rex Industry proposes name change to ETA Group

Capital A Bhd (KL:CAPITALA) is optimistic of completing the disposal of its airline business to AirAsia X Bhd (KL:AAX) by October, paving the way for the group to seek removal of its Practice Note 17 (PN17) status by year end. Its executive officer Tan Sri Tony Fernandes said the three conditions to facilitate the disposal include securing RM1 billion in capital, finalising six consent letters and obtaining a waiver from the Thai Stock Exchange on the general offer requirement. — Capital A to complete airline disposal in October, eyes PN17 exit by year end, says Fernandes

Separately, the group’s low-cost airline, AirAsia, has confirmed it is in discussions with a local partner in Vietnam as part of its plan to expand its footprint in Asean. — AirAsia confirms talks to enter Vietnam, remains cautious on timeline