KUALA LUMPUR: SWS Capital Bhd

(SWS) has proposed to dispose of a leasehold industrial property in Batu Kawan, Penang for RM13mil as part of a group-wide rationalisation exercise.

In a filing with Bursa Malaysia, SWS said its wholly owned subsidiary, EE-Lian Enterprise (M) Sdn Bhd, had entered into a sale and purchase agreement with UWC Industrial Sdn Bhd, a wholly owned unit of UWC Bhd