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

Nestlé (Malaysia) Bhd (KL:NESTLE) is exploring a potential sale of its ice cream business to UK-based Froneri. The initiative follows Nestlé SA’s disclosure that it is in advanced negotiations to divest the remainder of its global ice cream operations to Froneri. The group said the exercise will entail due diligence, engagement with relevant local stakeholders and compliance with all applicable legal and regulatory requirements. — Nestlé Malaysia mulling sale of ice cream business to Froneri

Bina Puri Holdings Bhd (KL:BPURI) is disposing of its 50% stake in the concessionaire of the KL-Kuala Lumpur Selangor Expressway (Latar) to the concessionaire’s managing director Datuk Mohamed Raffe Chekku for RM77 million. The move to exit the concession comes as no dividend has been paid by Kuala Lumpur-Kuala Selangor Expressway Bhd in the nearly three decades since the concession project was awarded in 1997. Bina Puri said it will use proceeds of the sale to repay bank borrowings to improve its financial position. — Bina Puri to exit Latar with stake sale to partner Mohamed Raffe

FBG Holdings Bhd (KL:FBG) has secured a RM238.1 million contract for the main building works of a 25-storey hotel, The Tower 6, above the existing The Mall, Mid Valley Southkey in Johor Bahru. The project is scheduled to commence on March 1, 2026 and is expected to be completed by June 30, 2028. — FBG bags RM238 mil contract to build 25-storey hotel at JB's Mid Valley Southkey

Atlan Holdings Bhd’s (KL:ATLAN) indirect subsidiary, Selasih Ekslusif Sdn Bhd, has ceased its duty-free business operations at Berjaya Waterfront Johor Bahru and is terminating the tenancy agreement with the landlord. Selasih has decided to cease operations at the duty-free complex after failing to secure a renewal of its business licence from the Johor Bahru City Council despite repeated attempts to do so. — Atlan unit ceases duty-free business at Berjaya Waterfront, terminates tenancy agreement

MISC Bhd (KL:MISC) has secured long-term bareboat charter, and operations and maintenance contracts for Papua New Guinea’s first floating storage and offloading (FSO) unit. The contracts were awarded by Exxon Mobil Corporation’s subsidiary ExxonMobil PNG Ltd, the operator of the PNG LNG (liquefied natural gas) project. The contracts comprise a firm 15-year charter with extension options of up to an additional 15 years. The proposed value of the contract was not disclosed. — MISC to deliver and operate Papua New Guinea’s first FSO unit

Jentayu Sustainables Bhd’s (KL:JSB) group managing director Datuk Beroz Nilmak Mirdin has brought the company and 15 requisitionists of a proposed extraordinary general meeting (EGM) to court in a bid to block the EGM from being held. The requisitionists are seeking to replace Beroz and several other directors with new ones. Earlier, Jentayu labelled the requisitionists as providing "misleading information" after discovering that several of the 15 requisitionists who called for the EGM were not registered members of the company. — Jentayu MD in court to block EGM seeking to oust entire board of directors

IHH Healthcare Bhd’s (KL:IHH) Singapore unit, Northern TK Venture, has amended its injunctive claim in an ongoing legal dispute with Daiichi Sankyo Co Ltd to block the Japanese pharmaceutical giant from obstructing the acquisition of shares and any other investment and corporate exercises in India-based healthcare group Fortis Healthcare Ltd and its subsidiary Malar Hospitals Ltd by making defamatory statements to India’s capital market regulator and the public at large. The injunctive claim previously sought to block Daiichi Sankyo from obstructing the open offer and making defamatory statements against NTK. Its near ¥200 billion (RM5.7 billion) claim for loss against Daiichi Sankyo remains unchanged. — IHH unit moves to block Daiichi Sankyo from obstructing acquisition of Fortis and Malar shares