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

Energy services firm Wasco Bhd (KL:WASCO) has secured a contract for the fabrication and assembly of modules, which it expects to bring in revenue between US$150 million (RM619.4 million) and US$200 million (RM825.8 million). The work and services under the contract are expected to be completed in 37 months. The scope of work involves procurement and construction of pre-assembled modules on a remeasurement basis. — Wasco bags modules construction job with expected revenue of up to RM826 mil

Gabungan AQRS Bhd (KL:GBGAQRS) has entered into an agreement with the owner of a 7.92-acre site in Bangi to jointly undertake a commercial and residential project with a potential gross development value of up to RM600.47 million. The development will comprise 1,673 residential units and a commercial net sellable area of 87,500 sq ft. The project is targeted for launch in the third quarter of 2027. — Gabungan AQRS partners Bangi landowner to undertake mix development with RM600 mil GDV

DXN Holdings Bhd (KL:DXN), a direct-selling company specialising in consumer health and wellness products, is considering investing 100 million Brazilian reals (RM77 million) to build an industrial plant in Brazil. It signed an MOU on Dec 1 with the Municipality of Ibiá in Minas Gerais to explore the possibility. The MOU allows both parties to assess the proposed development in Ibiá with the aim of promoting and stimulating the municipality's economic growth and social development. — DXN mulls RM77 mil investment in Brazil plant

Advancecon Holdings Bhd (KL:ADVCON) has secured a second favourable adjudication decision in its payment dispute with China Communications Construction (ECRL) Sdn Bhd (CCC) over works carried out for the East Coast Rail Link (ECRL) project. Its wholly-owned subsidiary, Advancecon Infra Sdn Bhd, received the adjudication decision on Tuesday (Dec 2), with the adjudicator ordering CCC to pay RM3.33 million together with interest at 5% per annum from Sept 4, 2025 until full settlement. CCC is also required to pay RM100,000 in adjudication costs and bear all adjudicator fees and Asian International Arbitration Centre (AIAC) charges, including reimbursing Advancecon Infra for all sums advanced during the proceedings. — Advancecon secures RM3.33m adjudication award in second ECRL payment dispute against CCC

Bina Puri Holdings Bhd’s (KL:BPURI) has received its sixth winding-up petition this year, after the Inland Revenue Board filed action against its wholly-owned unit BPI (WM) Sdn Bhd for allegedly failing to pay outstanding taxes. BPI received the winding-up petition on Tuesday, involving a tax sum of RM310,653.31. The company is seeking legal and tax advice and will “take all necessary steps to oppose and defend against the petition”. — Bina Puri hit with sixth winding-up petition of 2025, third filed by IRB

SumiSaujana Group Bhd (KL:SUMI) has secured a three-year supply contract to provide specialty chemicals used in activating catalysts for cleaner fuel production at Pengerang, Johor. Under the contract, its unit SumiSaujana TCM Chemicals Sdn Bhd will deliver chemicals and services — including manpower, equipment, materials and logistics — in support of the client Pengerang Refining Company Sdn Bhd's commercial operations. — SumiSaujana bags three-year catalyst chemicals supply contract with Pengerang Refining

Palm kernel expeller manufacturer Muar Ban Lee Group Bhd (KL:MBL) has acquired two parcels of industrial land together with existing buildings in Muar, Johor, for a total consideration of RM9.5 million. The purchase will enable it to enhance production capacity, in line with increasing customer demand. The acquisition will be funded through a combination of internally generated funds and bank borrowings, and is expected to be completed within 90 days. — Muar Ban Lee buys RM9.5m industrial lands, buildings in Muar to expand capacity

Tafi Industries Bhd (KL:TAFI) has announced the disposal of its furniture factory land in Muar to Bripanel Industries Sdn Bhd, a wholly-owned subsidiary of Dominant Enterprise Bhd (KL:DOMINAN), for RM23.5 million. Tafi said the divestment signals its exit from loss-making furniture manufacturing operations. The property covers 2.074 hectares, with factory facilities offering a gross built-up area of 149,753 sq ft. Bripanel, the purchaser, is principally engaged in the manufacturing of laminated wood panel products. — Tafi Industries sells Muar factory land to Dominant Enterprise for RM23.5 mil

Magni-Tech Industries Bhd (KL:MAGNI) reported a 24% increase in net profit for its latest quarter, thanks to a rise in sales orders and higher forex gains. Net profit for the second quarter ended Oct 31, 2025 (2QFY2026) stood at RM32.25 million, compared with RM25.87 million a year earlier. Revenue, however, dipped marginally to RM347.04 million from RM350.83 million due to lower contributions from its operating segments. The group declared a second interim dividend of three sen per share, payable on Jan 8. The ex-date is Dec 17. — Magni-Tech's 2Q net profit up 24% on higher forex gains, declares three sen dividend

Sapura Resources Bhd (KL:SAPRES) reported a net loss of RM801,000 for its third quarter ended Oct 31, 2025 (3QFY2026) compared with a net profit of RM3.14 million a year earlier, due to the absence of one-off gains. Quarterly revenue fell 26% to RM14.51 million from RM19.77 million in 3QFY2025, mainly due to the departure of an anchor tenant at the Sapura@Mines property, among others. No dividend was declared for the quarter. — Sapura Resources posts net loss in 3Q due to absence of one-off gains