KUALA LUMPUR: Here is a recap of the headline-making corporate announcements.

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

Urusharta Jamaah Sdn Bhd (UJSB) — a special purpose vehicle established under the Ministry of Finance to rehabilitate, restructure and monetise underperforming assets transferred to it from Lembaga Tabung Haji — has emerged as a substantial shareholder in Prolintas Infra Business Trust.

Despite the tension in the Middle East, Keyfield International Bhd, an oil and gas services firm, said that its work orders are uninterrupted as its vessels are predominantly operating in Southeast Asia.

Kenanga Investment Bank has initiated coverage on soon-to-be listed oil and gas services firm Keyfield International Bhd at RM1.90 — reflecting a 111% premium over its IPO price of 90 sen per share — while giving it an “outperform” rating.

PROLINTAS INFRA BUSINESS TRUST ("PROLINTAS INFRA BT" OR THE "TRUST") CESSATION OF STABILISING ACTION IN RELATION TO THE INITIAL PUBLIC OFFERING ("IPO") OF UNITS IN PROLINTAS INFRA BT ("UNITS") IN CONJUNCTION WITH ITS LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")