KUALA LUMPUR (Feb 3): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

GuocoLand (Malaysia) Bhd's (KL:GUOCO) controlling shareholder GLL (Malaysia) Pte Ltd (GLLM) has submitted a proposal to the board to privatise the property arm of the Tan Sri Quek Leng Chan-controlled Hong Leong Group via a selective capital reduction and capital repayment exercise at RM1.10 per share. Entitled shareholders holding 244.95 million shares, or 34.97% of the company, will receive RM269.45 million in total capital repayment based on the RM1.10 offer price. Quek himself, who owns a direct 2.78% stake in GuocoLand Malaysia, or 19.51 million shares, is entitled to receive RM21.46 million. GLLM, a wholly owned unit of Singapore-listed GuocoLand Ltd (GLL), said the privatisation will be funded using excess cash within GuocoLand Malaysia, with the remainder to be met through advances or equity injections from GLLM or GLL. — GuocoLand to be privatised at RM1.10 per share via selective capital repayment

AME Elite Consortium Bhd (KL:AME) has secured a RM214.1 million contract from KLIA Aeropolis Sdn Bhd, a subsidiary of Malaysia Airports Holdings Bhd, to build the first phase of a specialised test cell facility in Sepang. AME Elite said the facility is designed to meet stringent safety and technical standards for aircraft engine testing, drawing on the group’s expertise in delivering high-specification industrial projects. The project, comprising the main building works for the aeronautical facility, is slated to be completed within 12 months. — AME Elite wins RM214m job to build test cell facility for KLIA Aeropolis

Piling and foundation specialist Pintaras Jaya Bhd (KL:PTARAS) said it has secured a RM35.5 million subcontract to undertake construction works for a proposed bridge project in Kuching, Sarawak. No information was provided on the client. Works will commence immediately for a duration of 29 months. The scope of works includes earthworks, piling, pile caps, bridge abutments, piers and bridge superstructure works. — Pintaras Jaya secures RM35.5 mil job for Sarawak bridge project

PTT Synergy Group Bhd (KL:PTT) said it has secured a RM34.05 million contract from Sime Darby Property Bhd (KL:SIMEPROP) for earthworks and ancillary works at the Bandar Bukit Raja development in Klang, Selangor. The construction group said the contract involves the proposed construction and completion of earthworks and ancillary works for Phase 1 Package 4 (i32, i33 and C21) at Bandar Bukit Raja Stage 4, Mukim Kapar, Daerah Klang. This marks the second contract secured by PTT Synergy from Sime Darby Property within the construction scope for the Bandar Bukit Raja Business Park development plan. — PTT Synergy bags second earthwork contract worth RM34 mil for Bandar Bukit Raja Business Park 

MISC Bhd (KL:MISC) said it has secured a 20-year charter contract from PETRONAS LNG Ltd for three newly built liquefied natural gas (LNG) carriers. The charter agreement was executed on Jan 30, 2026, with services expected to begin in 2029. The company did not disclose the value of the contract. Simultaneously, MISC has signed shipbuilding contracts with Hudong-Zhonghua Shipbuilding for the construction of the three carriers. — MISC secures 20-year LNG carrier charter from PETRONAS LNG

GDEX Bhd (KL:GDEX) said it is considering potential acquisitions to expand its technology services segment that has emerged as a key growth driver for the loss-making company. The company is exploring acquiring complementary technology firms offering services that it does not currently sell, managing director and group chief executive officer Teong Teck Lean said. However, no target has been identified so far, he said. “We do not see our technology services as fully comprehensive yet,” Teong said. The company’s technology services segment, which it entered in 2024 after receiving approval to diversify into information technology, contributed close to 20% of group revenue in the financial year ended Dec 31, 2025. Most of the revenue however still comes from the mainstay logistics and courier services. — GDEX on lookout for acquisitions to accelerate growth of tech services arm, says CEO

Mudajaya Group Bhd (KL:MUDAJYA) said the High Court has allowed its winding-up petition against THB Power Sdn Bhd after the independent power producer again failed to make the final tranche of payment totalling RM27.9 million with interest. The group said the payment — due before Jan 28, 2026 (last Wednesday) under the parties’ settlement arrangement — was not received despite THB Power previously acknowledging and admitting to owing Mudajaya Corporation Bhd (MCB), a wholly owned subsidiary of Mudajaya, an undisputed sum of RM52.67 million. This marks the second instance THB Power has missed the same final tranche, after the company failed to meet the earlier Aug 29, 2025 deadline. — Mudajaya gets High Court nod to wind up power producer THB Power

MSM Malaysia Holdings Bhd (KL:MSM) announced on Tuesday the return of Dr Mazatul 'Aini Shahar Abdul Malek Shahar as its new group chief executive officer, effective Wednesday, Feb 4. Mazatul 'Aini, 53, previously served as MSM’s chief financial officer from December 2022 until Aug 12, 2024, before resigning to take up a CFO position at a financial institution. She succeeds Hasni Ahmad, whose contract expired on Dec 31, 2025. MSM had earlier established a board executive committee to assume the functions and responsibilities of the CEO. — MSM names former finance chief Mazatul 'Aini as group CEO

Lembaga Tabung Haji has emerged as a substantial shareholder in newly listed Orkim Bhd (KL:ORKIM), further increasing institutional participation in the clean tanker operator. The pilgrim fund acquired an additional 272,400 shares in Orkim on Jan 29, lifting its stake to 50.06 million shares or 5.006%. Institutional ownership in Orkim is already extensive. Permodalan Nasional Bhd holds a 47.31% stake, while Kumpulan Wang Amanah (Diperbadankan) (KWAP) owns 9.58%, Prudential’s insurance fund via Eastspring Investments Bhd 6.67% and the Employees Provident Fund 6.14%. — Tabung Haji emerges as substantial shareholder in Orkim

Reservoir Link Energy Bhd (KL:RL) has signed an initial pact with a Sabah state agency and an engineering services firm to explore development of a gas-fired power plant. Under the terms of the non-binding agreement, Reservoir Link, together with Sabah Energy Corp Sdn Bhd and Propel Global Bhd (KL:PGB), will undertake feasibility studies and other analysis related to the proposed project that may integrate regasification, gas distribution and power generation. The project is aimed at delivering a cost-efficient, lower-emission and rapidly deployable energy solution, using available gas supplies in line with government allocation and availability. — Reservoir Link explores developing gas power plant with Sabah state govt, Propel Global