Kuala lumpur: Lianson Fleet Group Bhd's (LFG) indirect wholly-owned subsidiary Kangsar Corporation Pte Ltd has entered into a memorandum of agreement to acquire the vessel MV Moana BAQ for a cash consideration of US$13.25 million (RM55.95 million). The group disclosed this development to Bursa Malaysia, highlighting its plans to fund the acquisition with internal funds and bank borrowings. According to BERNAMA News Agency, the vessel is a Panama-flagged Supramax bulk carrier built in 2012. It has a deadweight tonnage of 56,625 metric tonnes, a gross tonnage of 32,964, and a net tonnage of 19,142. LFG stated that they have sufficient internal funds to fully meet the purchase consideration if necessary. However, they are also in discussions with lenders to finance up to 70 percent of the vessel's purchase consideration. This move aims to optimize the group's capital structure and maintain financial flexibility. LFG further mentioned that this acquisition aligns with its strategy to diversify beyond the offsho re support vessels sector. The company aims to strengthen its recurring income streams through other vessel asset classes with long-term charter potential.