TECO Board Approves the Acquisition of Malaysian Electromechanical Engineering Company NCL

2025/03/17

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TECO Electric & Machinery Co. (1504) board meeting (March 14) approved the acquisition of Malaysian electromechanical engineering company NCL and its renewable energy subsidiary, NCL Green Energy Sdn Bhd, for up to MYR 70 million (approximately NT$520 million). The transaction is expected to be completed in the second quarter of 2025.

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