TPE:1504

3 stories mentioning TPE:1504Updated just now

Every FINWIRES story that references TPE:1504, newest first.

Teco Electric and Machinery Unit Leases Office Space for NT$22 Million

Teco Electric and Machinery (TPE:1504) TECNOS International Consulting acquired the right to use office space in Taipei, Taiwan, for NT$22.4 million, according to a Thursday Taiwan Exchange filing.Shares gained about 2% in Friday's late morning trade.The assets will be purchased from related party Tong-An Assets Development & Management.The lease term runs from July 1, 2026, to June 30, 2032, and the office space will be used to meet operational requirements.

TPE:1504

Asia23d ago

TECO Electric to Acquire Malaysia's Dynaciate Engineering for MYR200 Million

TECO Electric & Machinery (TPE:1504) agreed to acquire Malaysian engineering firm Dynaciate Engineering for about 200 million ringgit, according to a Monday press release.Shares of the Taiwanese industrial conglomerate rose 1% at close of Tuesday's trade.The move will strengthen TECO Electric's AI data center infrastructure business in Southeast Asia, it said.The deal is expected to close before the end of August, with TECO taking a 78% stake.The company said Dynaciate will act as a manufacturing and engineering hub for modular data center production, helping speed up project delivery and improve execution capacity.

TPE:1504

Asia36d ago

Teco Electric to Buy Malaysia's Dynaciate Engineering for MYR200 Million

Teco Electric and Machinery (TPE:1504) is set to acquire Malaysian engineering firm Dynaciate Engineering for about 200 million ringgit.The deal is expected to close in August, according to a Tuesday press release.Following completion, TECO will obtain a controlling stake in Dynaciate and expects to begin recognizing related revenue and profit contributions in the second half of 2026.The Taiwan-based company said the acquisition supports its strategy to expand as an AI data centre solutions provider, particularly in modular data center engineering and infrastructure services across Southeast Asia.

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