BWYS Group to dispose of Banting industrial properties for RM67 mil

• The properties span approximately 339,386 square feet and comprise three blocks of four-storey office buildings, three blocks of single-storey detached factory buildings, and an ancillary building.

KUALA LUMPUR (Aug 1): BWYS Group Bhd (KL:BWYS) has entered into a sale and purchase agreement with Yusin Machinery (Malaysia) Sdn Bhd for the proposed disposal of industrial properties in Banting, Selangor, for a total cash consideration of RM67 million.

In a statement, the sheet metal products manufacturer and scaffolding supplier said that RM37.9 million of the proceeds will be used to repay bank borrowings, which is expected to generate annual interest savings of approximately RM1.1 million.

“Another RM24 million will be utilised for raw material purchases and operational expenses, while the remaining RM5.1 million has been earmarked for estimated expenses related to the proposed disposal,” it said.

The company said the disposal is expected to be completed in the first quarter of 2026, subject to shareholders’ approval at an upcoming extraordinary general meeting and relevant regulatory clearances.

The properties span approximately 339,386 square feet and comprise three blocks of four-storey office buildings, three blocks of single-storey detached factory buildings, and an ancillary building.

BWYS said the proposed disposal is expected to result in a gain of approximately RM33.8 million, to be recognised in the financial year ending Dec 31, 2026.

Managing director Kang Beng Hai said the properties, which BWYS acquired in January 2019 for RM28 million, present a timely opportunity to unlock meaningful value from its investment.

“The proceeds from (the disposal) will be applied towards supporting our ongoing operations and enhancing overall business efficiency.

“This move allows us to reallocate resources in a way that aligns with our broader business strategy, ensuring we remain well-positioned to capture opportunities and sustain our growth momentum in the coming years,” he said.

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