BWYS to build new sheet metal factory in Penang

From left: BWYS Group executive director Kang Yi Ki, managing director Kang Beng Hai, independent non-executive chairman Datuk Saidi Ismail, M&A Securities Sdn Bhd managing director Datuk Bill Tan and deputy head of corporate finance Danny Wong.

GEORGE TOWN: ACE Market-bound BWYS Group Bhd will use the bulk of its initial public offering (IPO) proceeds to set up a new factory in Penang and expand its sheet metal business.

Group managing director Kang Beng Hai said the new plant, currently under construction near the existing facility in Sungai Bakap, would overcome Penang’s space limitation and accommodate an additional production line.