KUALA LUMPUR (Jan 22): BWYS Group Bhd (KL:BWYS) will sell its leasehold industrial land with buildings in Bukit Changgang, Kuala Langat, Selangor, for RM67 million and acquire freehold industrial land in Tanjong Duabelas, Kuala Langat, for RM94.5 million. The sheet metal products manufacturer and scaffoldings supplier said the proposed Bukit Changgang property disposal enables the group to unlock the value of a non-core asset and strengthen its financial position. “The cash proceeds are expected to be utilised for, among others, repayment of bank borrowings, working capital requirements and partial funding of the proposed Tanjong Duabelas land acquisition. Meanwhile, the proposed land acquisition aligns with the group’s long-term operational and expansion plans, providing additional capacity for future development to support the construction of new manufacturing facilities and warehouses, thereby expanding the group’s core operations. BWYS Group managing director Kang Beng Hai said the approval of both the disposal and acquisition reflects the group’s disciplined approach to asset management and long-term planning.

Source: The Edge Markets January 22, 2026 10:54 UTC