KUALA LUMPUR (Jan 2): Here is a brief recap of the key business news on Friday:

Pekat Group Bhd’s (KL:PEKAT) 60%-unit, EPE Switchgear (M) Sdn Bhd, has secured an order worth RM113.3 million for medium-voltage power distribution equipment. EPE Switchgear will be supplying Tenaga Nasional Bhd (KL:TENAGA) with 11-kilovolt motorised ring main units — medium-voltage switchgear used to control power flows — along with interconnectors and remote control boxes under the two-year contract. — Pekat Group bags RM113 mil contract to supply power distribution equipment

ENRA Group Bhd's (KL:ENRA) unit, Hamptons Homes Sdn Bhd, has entered into two unincorporated joint venture agreements with Entire Role Sdn Bhd to develop residential double-storey medium-cost terrace houses on 2.19 hectares of land in Kulai, Johor with an estimated gross development value of RM101.26 million. The proposed joint venture is expected to commence in the first quarter of 2026, with each phase to be implemented over a 36-month period. — ENRA unit to develop RM101.26 mil residential project in Johor via joint venture

Pekat Group, ENRA, Go Hup, Theta Edge, Omesti, Suria Capital, Vetece