KUALA LUMPUR (Oct 15): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

Renewable energy producer Cypark Resources Bhd (KL:CYPARK) has formed a consortium to jointly explore and develop energy solutions for the 186ha German Technology Park in Ayer Keroh, Melaka. Cypark has signed a memorandum of agreement with its largest shareholder, Jakel Capital Sdn Bhd, and Melaka Corporation to manage the planning, generation and distribution of energy for the park, a project that could cost an estimated RM4 billion. Jakel Capital will hold a controlling 51% stake in the consortium, followed by Cypark with 29% and Melaka Corporation with 20%. Jakel Capital also holds 21.47% in Cypark. — Cypark forms consortium with Jakel Capital, Melaka Corp to power up German Technology Park in Melaka

Malayan Flour Mills Bhd (KL:MFLOUR) said there will be no second earnout payment from Tyson Foods Inc in relation to the consideration for its 49% equity disposal in Dindings Tyson Group (DTSB) to Tyson Foods. This resulted in the total consideration for the disposal of its 49% equity stake in DTSB amounting to RM289.916 million, from its initial payment and the adjusted first earnout consideration, instead of RM420 million if all disposal considerations were met. — No second earnout payment for Malayan Flour Mills from Tyson

Cypark, Malaysian Flour Mills, PLB Engineering, Infomina, Eurospan, Yinson, Perdana Petroleum