Lianson Fleet completes RM213.2m purchase of two Ultramax bulk carriers
Lianson Fleet Group Bhd has completed the acquisition of two Ultramax-class bulk carriers, MV Tian Mu Shan and MV Yan Dang Shan, on Sept 3. The deal was valued at US$52.32 million (RM213.2 million) in cash, funded through internal funds and bank borrowings. Lianson's share price rose one sen to RM1.60 at the Thursday noon break.