KUALA LUMPUR (July 7): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:

NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, has secured various extensions from the Home Ministry relating to its passport and identification card contracts. A six-month extension for its contract to supply raw MyKad, MyTentera, MyPOCA and consumables, carrying an additional contract ceiling of RM29.68 million. Its contract to provide maintenance services for card personalisation centres at the National Registration Department received a 14-month extension with an additional contract ceiling of RM15.86 million. Meanwhile, NexG’s contracts to supply Malaysian passport documents and biodata pages were extended by six months. The company said the extensions did not increase the contract limits and did not reveal their value. — NexG bags contract extensions from Home Ministry for maintenance, raw IC and passport supply jobs 

OSK Holdings Bhd (KL:OSK) said it is acquiring a hire purchase financing company for RM16.5 million in cash, to expand into motorcycle financing. OSK said the acquisition of Wilayah Credit Sdn Bhd, a wholly owned unit of Platinum Moment Sdn Bhd, aligns with its objective to diversify its consumer financing portfolio. Upon completion of the acquisition, OSK will also sell three excluded real estate properties located in Kuala Lumpur back to Platinum Moment for RM12.6 million. — OSK expands into motorcycle financing via RM16.5m acquisition

Lotte Chemical Titan Holding Bhd (KL:LCTITAN) is undertaking a related-party transaction worth an estimated US$2.99 billion (RM12.69 billion) through a 10-year ethylene supply agreement between two of its Indonesian subsidiaries. The loss-making olefin and polyolefin producer said its 92.5%-owned unit PT Lotte Chemical Titan Nusantara (LCTN) entered into the agreement with the group's 51%-owned PT Lotte Chemical Indonesia (LCI) for the procurement of ethylene starting from Sep 1. LCTN will purchase 350,000 tonnes of ethylene annually from LCI to be used as feedstock in its polyethylene manufacturing operations in Indonesia. LCTN manufactures polyethylene whereas LCI manufactures upstream petrochemical products, including ethylene. — Lotte Chemical Titan inks RM12.7b ethylene supply deal with related Indonesian firm 

OneTech Solutions Holdings Bhd's (KL:1TECH) former managing director Lau King Yew on Monday served a winding-up petition on the LEAP Market-listed company in what appears to be an escalation of a legal dispute with the company’s current leadership. The petition named OneTech, its wholly owned subsidiary One ERP Solutions Sdn Bhd, and current managing director Tan Yuh Pei and executive director Koh Kean Mum as respondents. Lau alleged that Tan and Koh, in their capacity as directors of One ERP, acted in their own interests rather than in the interests of shareholders as a whole, and treated him unfairly and inequitably. Lau also cited an irreparable breakdown of trust and confidence between himself and Tan, with whom he had worked for over 10 years. He is seeking a court order for OneTech to be wound up on fair and equitable grounds under the Companies Act 2016. Lau also seeks for liquidator fees and the costs of the petition to be borne by the company or jointly by the respondents. — OneTech served with winding-up petition amid ongoing legal feud with ex-MD