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Frontken's unit buys RM53m property in Taiwan for capacity expansion in face of robust demand

KUALA LUMPUR (April 6): Frontken Corp Bhd s Taiwanese unit is purchasing an industrial property in Taiwan for NT$367.5 million (about RM53.29 million), cash, to expand its production capacity there to support increasing demand from its semiconductor customers.
In a bourse filing, the group said its 91.25%-owned Ares Green Technology Corp (AGTC) has inked a sale and purchase agreement with MH GOPOWER Co Ltd for the purchase. The property comprising an office building with a production area and basement car park with a total built-up area of 10,927 sq m is located on a piece of leasehold land in the Southern Taiwan Science Park. The purchase will be financed with internal funds. ....

Kuala Lumpur , Co Ltd , Frontken Corp Bhd Taiwanese , Ares Green Technology Corp , Frontken Corp Bhd , Southern Taiwan Science , குவாலா லம்பூர் , இணை லிமிடெட் , ஏரிஸ் பச்சை தொழில்நுட்பம் கார்ப் , தெற்கு டைவாந் அறிவியல் ,

Frontken buys building in Taiwan

Frontken buys building in Taiwan
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

Kuala Lumpur , Co Ltd , Frontken Corp Bhd , Ares Green Technology Corp , Frontken Corp , Bursa Malaysia , குவாலா லம்பூர் , இணை லிமிடெட் , ஏரிஸ் பச்சை தொழில்நுட்பம் கார்ப் ,

Frontken to buy property in Taiwan for RM53mil

has entered into a sale and purchase agreement with MH GOPOWER Co Ltd for the acquisition of a building in Kaohsiung, Taiwan for NT$367.5mil (RM53.29mil).
In a filing with Bursa Malaysia Tuesday, Frontken said its 91.25% owned subsidiary Ares Green Technology Corp (AGTC) entered into the agreement with MH for the proposed acquisition.
Frontken said the proposed acquisition would be funded entirely by AGTC via its internally generated funds.
The property sits on a piece of leasehold land situated in the Southern Taiwan Science Park owned by Taiwan Sugar Corporation and managed by Southern Taiwan Science Park Bureau with a total land size of 18,767 sq m. ....

Kuala Lumpur , Co Ltd , Taiwan Sugar Corporation , Frontken Corp Bhd , Ares Green Technology Corp , Southern Taiwan Science Park Bureau , Frontken Corp , Bursa Malaysia Tuesday , Southern Taiwan Science Park , Corporate News , Ares Green Technology , குவாலா லம்பூர் , இணை லிமிடெட் , டைவாந் சர்க்கரை நிறுவனம் , ஏரிஸ் பச்சை தொழில்நுட்பம் கார்ப் , தெற்கு டைவாந் அறிவியல் பூங்கா பணியகம் , தெற்கு டைவாந் அறிவியல் பூங்கா , பெருநிறுவன செய்தி , ஏரிஸ் பச்சை தொழில்நுட்பம் ,