KUALA LUMPUR (July 8): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday:

YNH Property Bhd (KL:YNHPROP) is selling a freehold land parcel along Jalan Sultan Ismail in Kuala Lumpur to Chin Hin Group Property Bhd (KL:CHGP) for RM455 million in a cash-and-share deal. Under the deal, YNH Property's wholly-owned unit YNH Land Sdn Bhd will receive RM409.48 million in cash and RM45.5 million worth of redeemable preference shares at an issue price of RM100 apiece in Chin Hin Property (JSI) Sdn Bhd, a wholly-owned subsidiary of Chin Hin Group Property. Post-acquisition, YNH Land will also receive a 10% equity stake in CHPJSI through the issuance of 25,000 ordinary shares. This would enable YNH Land to retain an economic participation in CHPJSI and provide potential future upside from the development of the land without having to undertake the direct funding, execution and development risks of the project. — YNH Property sells KL city land to Chin Hin for RM455 mil in cash-share deal

PRG Holdings Bhd's (KL:PRG) second-largest shareholder Datuk Sheah Kok Fah, together with shareholders holding a combined stake of more than 10% in the company, have called for an extraordinary general meeting to remove group managing director Andrew Chan Lim-Fai and revamp the board. The other requisitioning shareholders are Sy Dioceldo Sy, Cheah Eng Chuan and Datuk James Jr Lee Weng Kei. The group is proposing the appointment of Sheah, Datuk Richard George Azlan Abas and Datuk Dr Teo Tong Kooi as directors. — PRG Holdings' second-largest shareholder Sheah Kok Fah makes second attempt to remove MD

Hektar Real Estate Investment Trust (KL:HEKTAR) has acquired its first industrial property, located in the Bayan Lepas Free Industrial Zone in Penang, further growing its portfolio beyond its bread-and-butter retail sector. The RM30 million acquisition brings the REIT’s portfolio to a total of eight properties. — Hektar REIT acquires first industrial asset in Bayan Lepas Free Industrial Zone

Infomina Bhd (KL:INFOM) has secured a RM21.13 million contract from the Road Transport Department (JPJ) for the provision of technology infrastructure operations, maintenance and support services.  The contract will run for 36 months from Aug 1, 2026 to July 31, 2029. — Infomina secures RM21m ICT support job from JPJ

Elevator systems manufacturer Eita Resources Bhd (KL:EITA) has secured a RM20.5 million contract to supply and deliver its busduct system, a high-capacity electrical distribution system, for a data centre project in Indonesia. Its wholly-owned unit Furutec Electrical Sdn Bhd accepted the contract award from an unnamed customer, with works scheduled from June to September 2026. — Eita Resources bags RM20.5m Indonesia data centre busduct supply contract

Pan Merchant Bhd (KL:PMIBHD) has secured a contract worth RM17 million to supply membrane filtration solutions for the food processing industry in Malaysia. The contract was awarded to its unit PMI-Technology Sdn Bhd by an undisclosed Malaysia-incorporated customer involved in engineering design and process technologies. The project is expected to be completed within 12 months. — Pan Merchant bags RM17 mil filtration solutions supply contract