PETALING JAYA: SWS Capital Bhd's wholly-owned subsidiaries, U.D. Wood Products Sdn Bhd and Syarikat U.D. Trading Sdn Bhd, have entered into sale and purchase agreements with Seng Seang Trading Sdn Bhd to dispose of three leasehold industrial properties in Muar, Johor, for a total cash consideration of RM15.5mil.

In a filing with Bursa Malaysia, the manufacturer and trader of plastic wares, utensils and goods said the assets comprise a double-storey factory/warehouse, a piece of leasehold industrial land, as well as a two-storey office together with a single-storey factory/warehouse.

“The proposed disposals is part of SWS's ongoing group-wide rationalisation exercise for the group’s operations.

“It will allow SWS Group to realise the value of its investments and redeploy the proceeds for other ventures within its operating units.”

Barring any unforeseen circumstances, the company said the proposed disposals are expected to be completed by the final quarter of 2026.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.