KUALA LUMPUR (March 17): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

Gas Malaysia Bhd (KL:GASMSIA) has appointed MMC Corp Bhd (KL:MMCCORP) group chief executive officer Datuk Mohd Nazrul Izam Mansor and Petroliam Nasional Bhd (PETRONAS) veteran Datuk Md Shah Mahmood to its board of directors. The appointment of Mohd Nazrul, 50, together with Md Shah, 56, as non-independent and non-executive directors will take immediate effect, it said. Mohd Nazrul was also recently appointed as a non-independent and non-executive director at Malakoff Corp Bhd (KL:MALAKOF). — Gas Malaysia names MMC Corp chief Nazrul Mansor, PETRONAS veteran Md Shah Mahmood to board

Deleum Bhd (KL:DELEUM) has appointed former MSM Malaysia Holdings Bhd (KL:MSM) group chief executive officer Syed Feizal Syed Mohammad as an independent and non-executive director of the oil and gas services provider, effective immediately. — Deleum appoints former MSM group CEO Syed Feizal as director

Axis REIT (KL:AXREIT) aims to convert its remaining loans to sustainability-linked financing and explore more of such funding as the real estate investment trust expands its portfolio. The trust’s financing totalled RM1.73 billion as at end-2025, and it secured RM100 million in sustainability-linked financing last year. — Axis REIT to convert remaining facilities to sustainability-linked financing

NexG Bhd’s (KL:NEXG) freshly reinstated executive chairman and chief executive officer Datuk Abu Hanifah Noordin has withdrawn his suit against former company directors following their mass resignation last week. Hanifah and NexG shareholder Siti Nur Aishah Ishak filed the notice of discontinuance on Monday (March 16) with no order as to cost. — NexG’s Abu Hanifah withdraws suit against ex-board members

MMAG Holdings Bhd (KL:MMAG) said it delayed announcing the freeze on several of its bank accounts since October last year because the matter did not have any material impact on its operations. It said the group’s operations has continued smoothly, using unaffected bank accounts to meet its needs. While there has been no material impact to date, it acknowledges that a prolonged continuation of the restrictions may have an adverse effect on stakeholders’ confidence and the group’s business environment. — MMAG says it delayed announcing frozen accounts because they had no significant impact at the time

Hextar Capital Bhd (KL:HEXCAP) has bagged a RM75.9 million subcontract to undertake geotechnical and earthworks for a housing project for families of Armed Forces personnel in Tawau, Sabah. The project at Kem Kabota will commence immediately and is expected to be completed within 12 months, it noted. — Hextar Capital bags RM76 mil earth works sub-contract in Tawau

AWC Bhd (KL:AWC) has secured a RM26.14 million contract from the Health Ministry to provide hospital support services at Hospital Shah Alam. The one-year contract, running from Jan 1 to Dec 31, 2026, is a continuation of services that AWC has been providing at the hospital since 2021. — AWC secures RM26 mil contract to provide support services at Hospital Shah Alam

Ge-Shen Corp Bhd (KL:GESHEN) saw businessman Datuk Keh Chuan Seng cease to be a substantial shareholder after his latest stake disposal in the plastic injection moulding and metal stamping company. Keh sold 10 million shares, equivalent to a 2.41% stake, slashing his current stake to 4.3%, below the 5% threshold required to be deemed a substantial shareholder. — Businessman Keh Chuan Seng ceases to be substantial shareholder in Ge-Shen after selling 2.4% stake

Khee San Bhd (KL:KHEESAN) has confirmed the completion of its regularisation plan and is now eyeing an exit from its Practice Note 17 (PN17) status as well as a return as the market leader in the confectionery industry. The plan’s completion follows the effective implementation of its employees’ share scheme on Tuesday. — Khee San confirms regularisation plan completion, eyes PN17 exit