TECO Invests Over RM200 Million to Acquire Approximately 77.9% Stake in Dynaciate
TECO Electric & Machinery announced its acquisition of approximately 77.9% of Dynaciate Engineering Sdn. Bhd. for over RM200 million (approximately NT$1.3 billion). This is part of TECO's strategic investment, with Dynaciate Engineering specializing in factory construction and steel structure manufacturing.
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- 📰 Published: May 12, 2026 at 20:07
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ASEAN Financial Special Report (Total 300 articles)
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(Central News Agency, Taipei, 12th) TECO Electric & Machinery's board of directors today resolved to acquire approximately 17,803,588 shares of Dynaciate Engineering Sdn. Bhd. for no more than RM201,562,640, with a transaction price of RM11.32 per unit, expecting a shareholding ratio of no more than 77.9%; TECO stated that this is mainly a strategic investment.
According to Dynaciate Engineering's official website, the company was established in May 2002 and currently mainly engages in engineering construction of factories, facilities, and buildings, steel structure manufacturing, and related products and services. It also involves on-site construction and related activities in general industrial and oil and gas industries. 1150512
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Central News Agency
Seize the New Southbound, look to the economic pulse of ASEAN. The Central News Agency's "Southeast Asia Financial Information Network" selects multiple financial headlines from Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and other countries for you daily. Whether it's new government policies, industry trends, or investment opportunities, it allows you to grasp key information in real-time, understand the market, and seize business opportunities.
(Central News Agency, Taipei, 12th) TECO Electric & Machinery's board of directors today resolved to acquire approximately 17,803,588 shares of Dynaciate Engineering Sdn. Bhd. for no more than RM201,562,640, with a transaction price of RM11.32 per unit, expecting a shareholding ratio of no more than 77.9%; TECO stated that this is mainly a strategic investment.
According to Dynaciate Engineering's official website, the company was established in May 2002 and currently mainly engages in engineering construction of factories, facilities, and buildings, steel structure manufacturing, and related products and services. It also involves on-site construction and related activities in general industrial and oil and gas industries. 1150512
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.