Why Mestron dispose of two (2) one-half-storey factories?

Wondering why Mestron to dispose of two (2) one-half storey linked factories to fund working capital?

The question here: Mestron just raised RM 25.28 million on 18th June 2019, but on 1st August 2019, they proposed to dispose of two (2) one-half storey linked factories -- Isn't it strange that within very short period, Mestron required the working capital again after listing of forty five (45) days?

18th June 2019

Under the listing exercise, Mestron has raised RM 25.28 million from its public issue of 158 million new shares at 16 sen per share.

1st August 2019

The Board of Directors of Mestron Holdings Berhad (“MHB” or “the Company”) is pleased to announce that Mestron Engineering Sdn. Bhd. (“MESB”) and Meslite Sdn. Bhd. (“MSB”) (collectively as “Vendors”), had on 1 August 2019 entered into two (2) separate Sale and Purchase Agreements (“SPAs”) with Lim Jii Yan and Lim Woan Yun (the “Purchasers”) respectively for the disposal of the following properties for a total cash consideration of RM2,250,000 (“Disposal Price”) (“Proposed Disposal”):

(a) all that piece of freehold land held under individual title Geran 150625, Lot 16732, Mukim Dengkil, Daerah Sepang, Negeri Selangor measuring in area of 186 square metres together with one and half (1½) storey linked factory erected thereon and bearing postal address No. 41, Jalan Meranti Jaya 12, Taman Meranti Jaya, 47120 Puchong, Selangor Darul Ehsan for a cash consideration of RM1,125,000.00 (“Property 1”); and

(b) all that piece of freehold land held under individual title Geran 150626, Lot 16733, Mukim Dengkil, Daerah Sepang, Negeri Selangor measuring in area of 186 square metres together with one and half (1½) storey linked factory erected thereon and bearing postal address No. 39, Jalan Meranti Jaya 12, Taman Meranti Jaya, 47120 Puchong, Selangor Darul Ehsan for a cash consideration of RM1,125,000.00 (“Property 2”),

(collectively referred to as “the Properties”).

Source: Bursa Malaysia Announcement on 1st August 2019