【TECO】Board of Directors Resolves to Acquire Securities
TECO Electric & Machinery Co., Ltd. announced that its Board of Directors has resolved to acquire ordinary shares of Dynaciate Engineering Sdn. Bhd., a Malaysian engineering and construction company, as a strategic investment. The transaction involves a total amount not exceeding 201,562,640 Malaysian Ringgit, resulting in a shareholding of up to 77.9%.
📋 Article Processing Timeline
- 📰 Published: May 12, 2026 at 09:00
- 🔍 Collected: May 13, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 13, 2026 at 09:35 (1h 35m after Collected)
1. Name and Nature of Subject Matter (for preferred shares, issuing conditions such as dividend rate should also be specified):
Ordinary shares of Dynaciate Engineering Sdn. Bhd.
2. Date of Occurrence: 115/5/12~115/5/12
3. Date of Board of Directors' Resolution: May 12, 115 (Republic of China calendar)
4. Other Approval Dates: Not applicable
5. Transaction Quantity, Unit Price, and Total Transaction Amount:
Transaction Quantity: Not exceeding 17,803,588 shares
Unit Transaction Price: Malaysian Ringgit 11.32
Total Transaction Amount: Not exceeding Malaysian Ringgit 201,562,640
6. Transaction Counterparty and its Relationship with the Company (If the counterparty is a natural person and not a related party of the company, disclosure of their name is not required):
Dynaciate Engineering Sdn. Bhd.; Not a related party of the Company
7. If the transaction counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner of the transfer, the relationship between the previous owner, the company, and the transaction counterparty, and the date and amount of the previous transfer should also be disclosed:
Not applicable
8. If the subject of the transaction was a related party of the company within the last five years, the acquisition and disposal dates, prices, and relationship with the company at the time of the transaction should also be disclosed:
Not applicable
9. Matters related to the disposal of receivables (including the type of collateral attached to the disposed receivables, if the disposed receivables are claims against a related party, the name of the related party and the book value of the related party's receivables in this disposal should also be disclosed):
Not applicable
10. Gain (or Loss) on Disposal (Not applicable to acquisition of securities) (If deferred, the recognition status should be explained in a table):
Not applicable
11. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Agreements:
One-time lump sum payment
12. Method of Determining this Transaction, Reference Basis for Price Determination, and Decision-Making Unit:
Handled in accordance with the company's approval authority
113. Net Asset Value per Share of the Acquired or Disposed Securities Company:
4.28 yuan
14. As of now, the cumulative number, amount, shareholding ratio, and restrictions on rights (such as pledge status) of these transaction securities (including this transaction):
Cumulative Holding Quantity: Not exceeding 17,803,588 shares
Cumulative Holding Amount: Not exceeding Malaysian Ringgit 201,562,640
Shareholding Ratio: Not exceeding 77.9%
Restrictions on Rights: None
15. As of now, the ratio of investments in securities (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" to the company's total assets and owners' equity attributable to the parent company in the latest financial report, and the working capital amount in the latest financial report (Note 2):
Ratio to total assets in the company's latest financial report: 1.4%
Ratio to shareholders' equity in the company's latest financial report: 1.8%
Working capital amount in the company's latest financial report: NTD -749,368 thousand
16. Broker and Brokerage Fees:
None
17. Specific Purpose or Use of Acquisition or Disposal:
Strategic investment
18. Opinions of dissenting directors on this transaction:
Not applicable
19. Is this transaction a related party transaction: No
20. Date of approval by supervisors or audit committee:
May 12, 115 (Republic of China calendar)
21. Did the accountant issue a non-reasonable opinion on this transaction: No
22. Name of Accounting Firm:
Crowe Horwath CPAs
23. Name of Accountant:
Accountant Wu Meng-Ta
24. Accountant's License Number:
Tai Cai Zheng Deng (6) No. 3622
25. Does it involve a change in business model: No
26. Explanation of business model change:
Not applicable
27. Transaction status with the counterparty in the past year and expected next year:
Not applicable
28. Source of Funds:
Not applicable
29. Date of previous significant announcement on the same matter: Not applicable
30. Other Explanations:
None
Ordinary shares of Dynaciate Engineering Sdn. Bhd.
2. Date of Occurrence: 115/5/12~115/5/12
3. Date of Board of Directors' Resolution: May 12, 115 (Republic of China calendar)
4. Other Approval Dates: Not applicable
5. Transaction Quantity, Unit Price, and Total Transaction Amount:
Transaction Quantity: Not exceeding 17,803,588 shares
Unit Transaction Price: Malaysian Ringgit 11.32
Total Transaction Amount: Not exceeding Malaysian Ringgit 201,562,640
6. Transaction Counterparty and its Relationship with the Company (If the counterparty is a natural person and not a related party of the company, disclosure of their name is not required):
Dynaciate Engineering Sdn. Bhd.; Not a related party of the Company
7. If the transaction counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner of the transfer, the relationship between the previous owner, the company, and the transaction counterparty, and the date and amount of the previous transfer should also be disclosed:
Not applicable
8. If the subject of the transaction was a related party of the company within the last five years, the acquisition and disposal dates, prices, and relationship with the company at the time of the transaction should also be disclosed:
Not applicable
9. Matters related to the disposal of receivables (including the type of collateral attached to the disposed receivables, if the disposed receivables are claims against a related party, the name of the related party and the book value of the related party's receivables in this disposal should also be disclosed):
Not applicable
10. Gain (or Loss) on Disposal (Not applicable to acquisition of securities) (If deferred, the recognition status should be explained in a table):
Not applicable
11. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Agreements:
One-time lump sum payment
12. Method of Determining this Transaction, Reference Basis for Price Determination, and Decision-Making Unit:
Handled in accordance with the company's approval authority
113. Net Asset Value per Share of the Acquired or Disposed Securities Company:
4.28 yuan
14. As of now, the cumulative number, amount, shareholding ratio, and restrictions on rights (such as pledge status) of these transaction securities (including this transaction):
Cumulative Holding Quantity: Not exceeding 17,803,588 shares
Cumulative Holding Amount: Not exceeding Malaysian Ringgit 201,562,640
Shareholding Ratio: Not exceeding 77.9%
Restrictions on Rights: None
15. As of now, the ratio of investments in securities (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" to the company's total assets and owners' equity attributable to the parent company in the latest financial report, and the working capital amount in the latest financial report (Note 2):
Ratio to total assets in the company's latest financial report: 1.4%
Ratio to shareholders' equity in the company's latest financial report: 1.8%
Working capital amount in the company's latest financial report: NTD -749,368 thousand
16. Broker and Brokerage Fees:
None
17. Specific Purpose or Use of Acquisition or Disposal:
Strategic investment
18. Opinions of dissenting directors on this transaction:
Not applicable
19. Is this transaction a related party transaction: No
20. Date of approval by supervisors or audit committee:
May 12, 115 (Republic of China calendar)
21. Did the accountant issue a non-reasonable opinion on this transaction: No
22. Name of Accounting Firm:
Crowe Horwath CPAs
23. Name of Accountant:
Accountant Wu Meng-Ta
24. Accountant's License Number:
Tai Cai Zheng Deng (6) No. 3622
25. Does it involve a change in business model: No
26. Explanation of business model change:
Not applicable
27. Transaction status with the counterparty in the past year and expected next year:
Not applicable
28. Source of Funds:
Not applicable
29. Date of previous significant announcement on the same matter: Not applicable
30. Other Explanations:
None