Tokyo-listed Lintec Corp is putting its Penang industrial property up for sale via tender after 25 years of operations in Malaysia.
The asset is an eight-acre leasehold site located in Bukit Minyak Industrial Park, Penang, and includes a single-storey factory with a total built-up area of about 132,000 sq ft.
According to market estimates, the property is valued at between RM45 million and RM50 million. The tender exercise is being handled by CBRE | WTW and will close on April 23. The land lease is valid until Oct 29, 2061.
Bukit Minyak Industrial Park is one of Penang’s key manufacturing hubs in Seberang Perai, known for its strong connectivity to the North-South Expressway as well as both Penang bridges. The area is surrounded by other major industrial zones such as Penang Science Park and Batu Kawan Industrial Park.
Lintec announced in September 2025 that it would dissolve and liquidate its Malaysian subsidiary, Lintec Industries (M) Sdn Bhd, due to falling competitiveness and declining orders. The unit was established in 2000 and specialised in multilayer ceramic capacitor-related tapes used in electronic devices.
The company said growing competition from Chinese manufacturers had reduced demand and market value for its products, leading to the decision to exit manufacturing and sales operations in Malaysia.
Lintec still maintains other subsidiaries in Kuala Lumpur, Shah Alam and Kuching, where it also operates a manufacturing plant.
