KUALA LUMPUR (Dec 31): Here is a brief recap of Tuesday's key business news:

Apex Healthcare Bhd (KL:AHEALTH) said the voluntary takeover offer for the pharmaceutical group has crossed the compulsory acquisition threshold, paving the way for the offeror to buy out the remaining shares and delist the company. Pharmora Investment Holdings Pte Ltd and parties acting in concert with it had received acceptances exceeding 90% of the offer shares as at 5pm on Dec 30 (Tuesday). This triggered the right to compulsorily acquire the remaining shares under Section 222 of the Capital Markets and Services Act 2007. — Apex Healthcare privatisation goes ahead as compulsory acquisition threshold crossed

Chin Hin Group Bhd’s (KL:CHINHIN) 95%-owned subsidiary, Kayangan Kemas Sdn Bhd, has initiated arbitration proceedings against Exyte Malaysia Sdn Bhd — the main contractor of the Intel Pelican Project in Bayan Lepas, Penang — seeking about RM201 million following a contract dispute. According to Chin Hin, disputes arose during the project, including over the assessment of extensions of time, certification of interim payment claims, and payment of outstanding sums due under the subcontract. — Chin Hin unit files RM201 mil arbitration claim against Intel Pelican's main contractor

Genting Bhd’s (KL:GENTING) unit, Genting Vista Bhd, has issued its maiden series of medium-term notes, comprising RM3 billion in nominal value, under its new RM5 billion unrated MTN programme that was lodged with the regulator earlier this month. Proceeds will be used to redeem the debt notes previously issued by another unit, Genting RMTN Bhd, to part-finance the takeover offer for Genting Malaysia Bhd (KL:GENM). — Genting issues RM3 bil MTN under new RM5 bil note programme

Cypark Resources Bhd’s (KL:CYPARK) unit, Cypark Renewable Energy Sdn Bhd, has fully redeemed its outstanding Tranche 1 perpetual sukuk, amounting to RM235 million. The redemption is one of several initiatives under its RM1.3 billion refinancing programme with MBSB Bank. — Cypark fully redeems RM235m Tranche 1 of perpetual sukuk

Sunview Group Bhd (KL:SUNVIEW) is acquiring a now-halted large-scale solar farm project in Pekan, Pahang, for RM70 million in cash. The plant is being acquired from PKNP Reneuco Suria Sdn Bhd, which is under receivership and is a 95%-owned subsidiary of Practice Note 17-listed Reneuco Bhd (KL:RENEUCO). The plant sits on two parcels of leasehold land and was originally awarded under the Energy Commission’s Large Scale Solar 4 (LSS4) bidding exercise in March 2021. Reneuco, then known as Kumpulan Powernet Bhd, in collaboration with Perbadanan Kemajuan Negeri Pahang (PKNP), was shortlisted to develop the 50MWac solar photovoltaic plant. — Sunview’s unit to acquire 50MW solar plant in Pahang for RM70 mil

UEM Sunrise Bhd (KL:UEMS) has won its counterclaims in a long-running arbitration against the main contractor of the Imperia mixed development in Puteri Harbour, Johor, Ireka Corporation Bhd’s (KL:IREKA) unit Ireka Engineering & Construction Sdn Bhd. Ireka is required to pay UEM Land Bhd about RM3.04 million before taxes. — UEM Sunrise wins counterclaims against Ireka in arbitration

Citaglobal Bhd (KL:CITAGLB) saw the emergence of Datuk Shabaruddin Ibrahim, group executive chairman of Mutiara Perlis Sdn Bhd — the master developer of the Perlis Maritime Corridor — as a substantial shareholder with a 9.003% stake. This came after Shabaruddin’s company, Dedap Rimbun Sdn Bhd, completed its disposal of a 20% stake in Manjaran Sdn Bhd, an indirect shareholder of Mutiara Perlis, to Citaglobal in exchange for 42.105 million Citaglobal shares worth RM40 million or 95 sen apiece. — Chairman of Perlis Maritime Corridor master developer emerges as Citaglobal substantial shareholder

Insas Bhd (KL:INSAS) has ceased to be a substantial shareholder in ICT firm Omesti Bhd (KL:OMESTI) following a disposal of 197.35 million shares, equivalent to an 8.5% stake. The disposal slashed Insas’ stake in Omesti to 4.638%, below the requisite 5% to be deemed a substantial shareholder. — Insas ceases to be substantial shareholder in Omesti after 8.5% stake disposal

HeiTech Padu Bhd (KL:HTPADU) has secured a RM17.62 million contract from the Ministry of Health to supply ICT equipment and provide a network upgrade to Miri Hospital in Sarawak. The two-year contract, commencing Feb 1, 2026, also encompasses a study, plan, design, delivery, installation, configuration, testing and commissioning of the ICT equipment. — HeiTech Padu gets RM17.6 mil job to supply ICT equipment to Miri Hospital

Solar District Cooling Group Bhd (KL:SDCG) has proposed a bonus issue of warrants on the basis of one free warrant for every two shares held in the building management systems company. The bonus warrants could enable SDCG to raise up to RM169.53 million if fully exercised at an assumed exercise price of 80 sen. Proceeds will be used to fund the company’s working capital. — Solar District Cooling plans one-for-two bonus warrants