KUALA LUMPUR, BWYS Group Bhd has signed a sale and purchase agreement with Yusin Machinery (Malaysia) Sdn Bhd to dispose of its industrial properties in Banting, Selangor, for RM67 million in cash.
In a statement, the sheet metal products manufacturer and scaffolding supplier said the properties are situated in Kawasan Perindustrian Olak Lempit, spanning approximately 339,386 square feet of developed industrial land.
BWYS Group Bhd managing director Kang Beng Hai
The site includes three blocks of four-storey office buildings, three blocks of single-storey detached factory buildings, and an ancillary structure.
BWYS expects to record a gain of about RM33.8 million from the sale, which will be reflected in its financial results for the year ending December 31, 2026.
Managing director Kang Beng Hai noted that the assets were purchased in January 2019 for RM28 million, and the current deal presents a timely opportunity to realise substantial value from the investment.
“The proceeds will support our ongoing operations and improve business efficiency. This strategic move enables us to reallocate resources to better align with our long-term growth plans,” he said.
Out of the RM67 million proceeds, RM37.9 million will be used to repay bank borrowings, potentially saving the group RM1.1 million in annual interest. Another RM24 million is earmarked for raw material purchases and operational needs, while RM5.1 million is allocated for estimated disposal-related expenses.
The transaction is expected to be completed in the first quarter of 2026, pending shareholders’ approval and relevant regulatory clearances.
