NEXG Bina (KLSE:NEXGBINA), previously Classita, canceled a potential deal to sell stakes in two subsidiaries, according to a Monday filing in Malaysia.

On Sept. 8, 2025, the company entered into a head of agreement to dispose of 49% equity interests in Classita (M) and Marywah Industries (M) to Choo Peng Hung.

NEXG said the mutual decision was made as there had been no further material development since the deal was signed.