Teco Electric and Walsin Lihwa form strategic alliance via share exchange

Teco Electric and Machinery Co and Walsin Lihwa Corp announced a strategic alliance through a share exchange. Teco will issue 171.1 million new shares and Walsin 205.33 million new shares, with a swap ratio of one Walsin share per 0.83 Teco shares. After the transaction, Teco will hold a 6.37% stake in Walsin and Walsin an 8% stake in Teco.

“To enhance the competitiveness of both parties, we will cooperate ... in the deployment of next-generation smart grids, smart manufacturing and new energy industry applications.”taipeitimes.com

• 1 source
• taipeitimes.comTeco, Walsin plan share exchange - Taipei TimesNov 22, 2020

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