KUALA LUMPUR (Oct 1): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday: 

MISC Bhd (KL:MISC) has signed a shipbuilding contract with Samsung Heavy Industries Co Ltd for the construction of two new LNG carriers, scheduled for delivery in 2027. It also signed a letter of intent with Petronas LNG Sdn Bhd for long-term shipping services involving the new carriers, while will terminate the charters of three existing LNG carriers with the company — Seri Ayu, Seri Angkasa, and Seri Begawan — and enter into new agreements for two others, Seri Alam and Seri Amanah, upon expiry. — MISC inks shipbuilding contract for two LNG carriers, secures long-term charter with Petronas

Malaysia Marine and Heavy Engineering Holdings Bhd (KL:MHB) has secured a RM43 million subcontract from a subsidiary of Uzma Bhd (KL:UZMA) for the conversion of a mobile offshore drilling unit (MODU) into a mobile water injection facility (WIF). Under the contract, the group will handle the demolition, refurbishment, life extension, and conversion of the MODU into a mobile WIF, with the work expected to be completed by the first quarter of 2025. — MHB bags RM43m subcontract from Uzma for mobile offshore drilling unit conversion

PA Resources Bhd (KL:PA) said its wholly owned subsidiary PA Extrusion (M) Sdn Bhd, has secured a 0% dumping rate for its aluminium extrusion exports to the US. Receiving the 0% dumping rate means that its aluminium extrusions are competitively priced and deemed to be sold at fair value in the US. — PA Resources secures 0% dumping rate from US for aluminium extrusion exports

Tanco Holdings Bhd's (KL:TANCO) 79%-owned subsidiary, Midports Holdings Sdn Bhd (MHSB), had received the nod from the Malaysian Marine Department (MMD) to develop a container port in Port Dickson, Negeri Sembilan. The green light was received through a full and unconditional approval letter on Monday by the MMD following the acceptance of the marine risk assessment report from MHSB. — Tanco gets unconditional nod from Marine Dept to develop container port in Port Dickson

Ho Hup Construction Company Bhd's (KL:HOHUP) 52%-owned unit, Golden Wave Sdn Bhd (GWSB), has obtained an interim restraining order from the High Court in Kota Kinabalu, shielding it from legal actions by its creditors. This follows the dismissal of GWSB's application to be placed under judicial management by the High Court in Kuala Lumpur on the same day. The company now is no longer protected from legal and arbitration proceedings against it. — Ho Hup unit gets restraining order against creditor following dismissal of judicial management application

Manufacturing and construction firm Central Global Bhd (KL:CGB) is acquiring a four-storey office and showroom space, measuring approximately 48,690 sq ft, in Kota Kinabalu, Sabah, for RM19.5 million. The proposed acquisition is part of its strategy to strengthen its position as a leading construction group in East Malaysia, particularly in Sabah, and enable the group to cross-sell and expand its product offerings by stocking them in the building. — Central Global acquires office space for RM19.5 mil

Sunzen Biotech Bhd (KL:SUNZEN) is venturing into the ophthalmic industry through the acquisition of a 70% stake in Eye Nation Medical Sdn Bhd for RM6.37 million. Sunzen has entered into a share purchase agreement with Eye Nation Medical’s directors Lee Peng Hwa and Lay Lee Chin for the acquisition. Eye Nation Medical mainly specialises in providing diagnostic equipment for the ophthalmic industry and related products. — Sunzen Biotech expands into ophthalmic industry with Eye Nation Medical stake acquisition

ACE Market-listed automated test equipment  manufacturer Aemulus Holdings Bhd (KL:AEMULUS) is taking full control of its loss-making Chinese associate company Tangming Shengshi Technology (Jiashan) Co Ltd before looking for new investors to turn around the firm. Its wholly owned subsidiary Aemulus Corp Sdn Bhd has entered into an agreement with Tangren Microtelligence Technology (Jiashan) Co Ltd to acquire the remaining 60% stake in TMSS for 25 million yuan (RM15.05 million) cash. — Aemulus to seek new investors for loss-making Chinese subsidiary

Pharmaniaga Bhd (KL:PHARMA) has appointed Datuk Seri Abdul Razak Jaafar as its independent and non-executive chairman, effective immediately. Abdul Razak, 60, succeeds Izaddeen Daud, 55, who has been redesignated as the group's non-independent and non-executive director. The group also announced the appointment of its non-independent non-executive director, Ahmad Shahredzuan Mohd Shariff, as the group's COO. — Pharmaniaga names Abdul Razak Jaafar as new chairman

Plenitude Bhd (KL:PLENITU) has appointed CFO Ang Kooi Yong as its new CEO, effective immediately. Ang, 58, is succeeding Lee Wee Kee, 59, who resigned on Monday (Sept 30) due to personal reasons after serving as group CEO for 19 months. She holds a Bachelor of Accounting from the University of Malaya, and is a member of the Malaysian Institute of Accountants as well as the Malaysian Institute of Certified Public Accountants. — Plenitude promotes CFO Ang Kooi Yong to CEO

Pasdec Holdings Bhd (KL:PASDEC) has redesigned its non-executive director Johari Shukri Jamil as its group managing director, effective immediately. In May, the group appointed Liew Chai Sen as its new chief executive officer while former group managing director Tew Kim Kiat had been redesignated as its executive director. — Pasdec redesignates Johari Shukri as group MD