Frontken Corporation Bhd’s major subsidiary, Ares Green Technology Corporation (AGTC), has successfully bid for an industrial property in Tainan, Taiwan, for NT$920 million, or approximately RM118.16 million, as part of its longer-term capacity expansion plans.
Frontken said AGTC secured the property through a public tender on Sept 15, 2026. The property, located in the Tainan Xinying Industrial Zone, is about 950 metres from AGTC’s existing P1 facility.
The property comprises approximately 16,172 sq m of industrial land and seven existing factory buildings with a combined floor area of about 12,611 sq m.
It is classified as Type B Industrial Land, with a building coverage ratio of 70% and a floor area ratio of 210%. The site also includes a 1,245.92 kWp solar photovoltaic system.
The property was offered for sale by Ginwin Technology Co Ltd at a reserve price of NT$820 million, or about RM105.32 million. The tender closed on Sept 14, with AGTC winning the bid the following day at NT$920 million.
The group said the acquisition is in line with its long-term strategy to support the expansion of AGTC’s operations and future capacity requirements.
