Trio-Tech International entered into a lease agreement through its Malaysian subsidiary for 104,000 sq ft of industrial space in Perai, Malaysia, effective June 1, 2026, with initial monthly rent of $115,000 through May 2028.
Key takeaways
Entered lease for 104,000 sq ft at 2481, Tingkat Perusahaan 4, Kawasan Perusahaan Perai, 13600 Perai, Pulau Pinang.
Term from June 1, 2026 to May 30, 2028, with one-year extension option.
Initial monthly base rent of approximately $115,000.
Security deposit of approximately $539,000, refundable without interest unless early vacating.
Landlord Skygate Technology (M) SDN BHD; tenant Trio-Tech (Malaysia) SDN BHD.
Tenant pays Malaysian Sales and Service Tax; standard maintenance and default provisions apply.