KUALA LUMPUR (Jan 23): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Hartanah Kenyalang Bhd (KL:HKB) has bagged a RM184.3 million contract to undertake the upgrading and repair works for the Sarawak stadium. The Sarawak-based construction group said the job was awarded to its wholly-owned subsidiary, Hartanah Construction Sdn Bhd, by the Public Works Department Sarawak. The 12-month contract is slated to begin this month and run until Jan 29, 2027. — Hartanah Kenyalang bags RM184 mil job to upgrade Sarawak stadium

Citaglobal Bhd (KL:CITAGLB) has secured a contract worth up to RM48.5 million to provide Wi-Fi network facility services at public higher education institutions. Its unit, Citaglobal Telecommunication Sdn Bhd, has been appointed by the Malaysian Communications and Multimedia Commission (MCMC) as the universal service provider for the installation and upgrade of network facilities at public higher education institutions, polytechnics, community colleges as well as education institutions under the Human Resources Ministry. The job commenced on Friday with an eight-month implementation period, followed by a three-year support and warranty period. — Citaglobal to provide network connectivity services at public higher education institutions

Capital A Bhd (KL:CAPITALA) said it has officially completed its Practice Note 17 (PN17) regularisation plan, following the lodgement of the sealed High Court order confirming a RM5.51 billion capital reduction with the Registrar of Companies. The lodgement on Friday (Jan 23) marks the final step of a massive restructuring that saw the group dispose of its aviation businesses, AirAsia Bhd and AirAsia Aviation Group Ltd, to AirAsia X Bhd (KL:AAX), which was completed on Jan 16. The exercise also included the listing and distribution of AAX shares to entitled Capital A shareholders on Jan 19. — Capital A seals RM5.5 bil capital reduction, clearing final hurdle in PN17 regularisation plan

Sin-Kung Logistics Bhd (KL:SINKUNG) has initiated arbitration proceedings against Teleport Everywhere Pte Ltd, the logistics arm of Capital A Bhd (KL:CAPITALA), over a dispute relating to trucking services for Capital A's cargo operations. The notice of arbitration served on Friday claims Teleport breached an agreement signed in January 2023 that appointed Sin-Kung as the operator to transport cargoes for flights under AirAsia for designated routes in Malaysia and Singapore. The dispute centres on Teleport’s move to engage other third-party trucking providers and its plan to introduce a “multi-provider model”, which Sin-Kung claims violates the exclusivity terms of the agreement. — Sin-Kung takes Capital A's Teleport to arbitration over alleged breach of exclusivity in trucking services deal

YNH Property Bhd (KL:YNHPROP) said on Friday it has exercised its contractual right to defer upcoming coupon payments under its RM750 million unrated perpetual securities programme as part of efforts to conserve cash and strengthen liquidity. The deferral applies to coupon payments scheduled for Jan 30, 2026, for an August 2019 tranche of RM263 million, and Feb 9, 2026, for a July 2020 tranche of RM87 million. Both tranches carry an initial coupon rate of 6.85% per annum and are redeemable at YNH Property’s option at the end of five years after issuance and on each subsequent semi-annual coupon payment date. — YNH Property defers perpetual bond coupon payments to conserve cash

EG Industries Bhd (KL:EG) is strengthening its manufacturing footprint in Thailand with a new manufacturing facility to cater to growing demand from prospective US-based customers. It is buying a freehold industrial plot in Thailand's 304 Industrial Park in Prachinburi for RM6.1 million to build the new facility. The 4.95-acre site will house a single-storey factory with estimated land and construction cost totalling RM40 million. EG said the expansion is driven by requests from potential US customers seeking additional manufacturing capacity in Thailand for electricity storage components, electric vehicle-related products and data centre applications. The new plant will allow the group to segregate operations to meet strict confidentiality and customer-specific requirements, it added. — EG Industries bets RM40m on new Thai plant as US tech demand surges

GuocoLand (Malaysia) Bhd (KL:GUOCO) managing director Noorbaizura Hermeyney has resigned effective Jan 24 (Saturday), after helming the property developer for close to two years. The property arm of Hong Leong Group said that Noorbaizura, 45, stepped down "to pursue other career opportunities". She was appointed as GuocoLand's managing director on May 18, 2023.  Following her exit, chief operating officer Raymond Chin Yun Choi will assume responsibility for the business and day-to-day management of the group. — GuocoLand MD Noorbaizura resigns, COO Raymond Chin takes over day-to-day duties

Sentral REIT (KL:SENTRAL) posted a 3.4% decline in net property income (NPI) in the quarter ended Dec 31, 2025 (4QFY2025) to RM35.5 million, from RM36.7 million a year earlier, weighed by higher operating expenses and lease accounting under MFRS 16. Revenue fell 1.8% to RM47.4 million from RM48.2 million, while property operating expenses rose 3.4% to RM11.9 million from RM11.5 million. It declared a final distribution per unit (DPU) of 2.99 sen, payable on Feb 27. — Sentral REIT posts lower 4Q NPI on higher costs, declares DPU of 2.99 sen

Poh Kong Holdings Bhd (KL:POHKONG) expects earnings in the current financial year to outperform the previous year, underpinned by sustained high gold prices and strong demand for gold investment products. While elevated gold prices have softened discretionary spending on jewellery, they have simultaneously spurred stronger interest in gold as an investment. This shift is supporting both profit margins and earnings visibility, said Poh Kong director Ermin Siow Der Ming. Investment demand for gold products appears to be supported by a “fear of missing out” (FOMO), with consumers buying into a bullish outlook for gold prices, Siow said. — Poh Kong expects higher FY2026 earnings, driven by sustained high gold prices

DKSH Holdings (Malaysia) Bhd (KL:DKSH) has until Jan 30 to respond to its major shareholder’s bid to take the company private, as a key minority shareholder opposes the offer. The company said it had asked for and received more time to decide whether to table the proposed selective capital reduction to minority shareholders. Under the proposal dated Dec 9, Swiss parent DKSH Holding Ltd, which owns 74.31% of the company, is offering RM6.15 per share in cash. The offer is a 16.7% premium to the pre-announcement share price but is below DKSH Malaysia’s book value of RM6.74. The Edge previously reported that minority shareholder Pangolin Investment Management, which holds 2.71% of DKSH Malaysia or more than 10% of minority shares, said it will vote against the deal, calling the offer too low. — DKSH Malaysia gets until Jan 30 to consider parent’s privatisation bid as key minority investor opposes RM6.15 offer