PETALING JAYA: BWYS Group Bhd’s shareholders have approved the disposal of a leasehold industrial property in Bukit Changgang for RM67mil, alongside the acquisition of a freehold industrial land in Tanjong Duabelas for RM94.5mil.
Both properties are located in Kuala Langat, Selangor.
In a statement, the sheet metal products manufacturer and scaffolding supplier said the approvals were obtained at its EGM held yesterday.
The disposal involves industrial land together with existing buildings at Bukit Changgang, while the acquisition relates to a freehold industrial land parcel in Tanjong Duabelas.
BWYS said the proposed Bukit Changgang disposal will enable the group to unlock the value of a non-core asset and strengthen its financial position.
