KUALA LUMPUR (April 17): Here is a brief recap of some corporate announcements that made the news on Friday. 

MN Holdings Bhd (KL:MNHLDG) announced on Friday that it has secured a RM275.9 million contract to carry out electrical infrastructure works for a data centre project. The contract was awarded to its wholly-owned subsidiary, MN Utilities Engineering Sdn Bhd. The scope of work covers the design, supply and maintenance of a 275-kilovolt (kV) consumer landing station for a data centre located in the central region of Peninsular Malaysia.  MN Holdings lands RM276m contract for data centre power infrastructure works

Bina Puri Holdings Bhd (KL:BPURI) has obtained a subcontract worth RM156.45 million for road construction and upgrading works in Simunjan, Sarawak. The scope of work include site clearing, earthworks, geotechnical activities, drainage and bridge construction. The contract was awarded to its subsidiary, Bina Puri Builder Sdn Bhd, on Thursday by Easter Synergy Sdn Bhd. The subcontract has a duration of 30 months and is expected to be completed by the fourth quarter of 2028.  Bina Puri bags RM156.4 mil road construction job in Simunjan, Sarawak

Exsim Hospitality Bhd (KL:EXSIMHB) has secured a RM138 million subcontract from a subsidiary of Binastra Corporation Bhd (KL:BNASTRA) to carry out fit-out works for a local development project. Exsim said that the contract was awarded to its wholly-owned subsidiary, Exsim Concepto Sdn Bhd (ECSB), by Binastra Builders Sdn Bhd. The scope of work includes mechanical, electrical and plumbing (MEP) systems, interior design and architectural tasks, along with other related building services. Exsim Hospitality wins RM138 mil fit-out subcontract from Binastra unit

Inari Amertron Bhd (KL:INARI) and China’s Sanan Optoelectronics Co Ltd have decided to withdraw from their planned joint acquisition of Lumileds Holding BV after US authorities raised national security concerns. The semiconductor company said that the Committee on Foreign Investment in the United States (CFIUS) requested the parties to withdraw their submission and terminate the deal due to unresolved national security issues. Inari noted that regulatory approvals were a key requirement under the share purchase agreement, and the lack of clearance from CFIUS meant the transaction could not move forward.  Inari, Sanan terminate US$239 mil Lumileds acquisition after US blocks deal

7-Eleven Malaysia Holdings Bhd (KL:SEM) has announced an interim single-tier dividend of 1.35 sen per share for the financial year ended Dec 31, 2025 (FY2025). The convenience store operator said the entitlement date of the interim dividend has been set for May 4, with payment scheduled for May 15.  7-Eleven Malaysia declares interim dividend of 1.35 sen per share

Aizo Group Bhd (KL:AIZO) announced that it has received approval from Bursa Malaysia to proceed with several corporate initiatives aimed at raising funds and improving its financial standing. The company outlined plans that include a private placement, a rights issue with free warrants, a reduction of share capital, and allocations to investors and senior management. Aizo, formerly known as Minetech Resources Bhd, said the rights issue with free warrants is intended to encourage shareholder participation, while the share capital reduction is designed to streamline the company’s capital structure.  Aizo gets Bursa nod for multi-part fundraising plan

InNature Bhd (KL:INNATURE), which operates The Body Shop outlets in Malaysia, Singapore, Vietnam, and Cambodia, announced on Friday that Dexter Foong Chuen Hsien has been appointed as an executive director. The appointment follows a share transfer that gave Foong an indirect holding of 20.93 million shares, representing 2.97% of InNature. At the same time, his mother, Datin Mina Cheah Kim Choo, who serves as the company’s managing director, no longer holds the same 2.97% indirect stake.  InNature appoints Dexter Foong as executive director

FBG Holdings Bhd (KL:FBG), previously known as Fajarbaru Builder Group Bhd, announced that it has been appointed as a specialist contractor for the Malaysian Institute of Road Safety Research’s (Miros) testing laboratory and complex building project. The contract, valued at RM40.21 million, was awarded to its wholly-owned subsidiary FBG Builder Sdn Bhd by MTD Construction Sdn Bhd, which will be responsible for crash test laboratory equipment. The project is scheduled for completion by June 5, 2029. FBG secures RM40 mil crash test equipment contract for Miros project

Foam and fabric products manufacturer WTEC Group Bhd (KL:WTEC) has proposed acquiring a detached factory with office space in Semenyih, Selangor, as part of its plan to consolidate manufacturing operations. The company signed a letter of offer to purchase the property from Athens Park Machineries Sdn Bhd for RM10.8 million. WTEC stated that the acquisition supports its strategy to merge some of its current operations from four facilities into a single new site.  WTEC to buy factory building in Semenyih for RM10.8 mil

Engineering services company Kawan Renergy Bhd (KL:KENERGY) has secured a RM70.37 million contract to supply diesel generator systems to a data centre services provider. The company did not disclose the name of the client, stating only that the project is located at a data centre site in the central region of Peninsular Malaysia. Delivery is scheduled to be completed by April 17, 2027.  Kawan Renergy to supply RM70 mil diesel generator systems for data centre project

K Seng Seng Corp Bhd (KL:KSSC) has proposed changing its name to EC Excel Holdings Bhd, with the new name already approved and reserved by the Companies Commission of Malaysia (SSM). In a filing with Bursa Malaysia, the company stated that the proposal is subject to shareholder approval at an upcoming extraordinary general meeting. A circular outlining the details will be distributed to shareholders. If approved, the new name will take effect once SSM issues the notice of registration.  K Seng Seng Corp proposes name change to EC Excel Holdings