TECO Electric & Machinery Co., Ltd. (TSEC:1504) announced a private placement of up to 200,000,000 common shares and preferred shares on March 31, 2020. The shares has a par value of TWD 10. The securities issued in the transaction is subject to restriction period of three years from the delivery date. The transaction has been approved by the board of directors of the company. The transaction is subject to approval from company's shareholders.