Frontken unit buys industrial land, factory buildings in Taiwan for RM118mil
KUALA LUMPUR: Frontken Corporation Bhd’s subsidiary, Ares Green Technology Corporation, is acquiring industrial land and the factory buildings erected thereon in Tainan City, Taiwan, from Ginwin Technology Co Ltd for RM118.16 million.
In a deal valued at RM118.16 million, Ares Green Technology Corporation, a subsidiary of Frontken Corporation Bhd, has purchased industrial land and factory buildings in Tainan City, Taiwan, from Ginwin Technology Co Ltd. The property, currently used for the recycling of thin-film-transistor liquid-crystal display color filters, spans 16,172 sq m and includes seven existing factory buildings.
This acquisition is projected to be finalized by the fourth quarter of 2026, as reported in a filing with Bursa Malaysia. Ares Green anticipates initiating the construction of new production lines in the first half of 2027, with an estimated expenditure of around NT$620 million (RM79.6 million). The initial construction phase is expected to last between one to 1.5 years, and the company plans to proceed with subsequent phases as needed, considering business requirements and customer demand.
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