Tranche Update on TECO Electric & Machinery Co., Ltd.'s Equity Buyback Plan announced on December 22, 2018.
February 22, 2019 at 04:12 am EST
Share
From December 22, 2018 to February 22, 2019, the company has repurchased 35,000,000 shares, representing 1.77% for TWD 675 million. With this, the company has completed the repurchase of 35,000,000 shares, representing 1.77% for TWD 675 million under the buyback announced on December 22, 2018.
TECO Electric Machinery Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of heavy electricity equipment and electronic control products. The Company operates through two business segments. The Heavy Electrical Equipment segment is engaged in the manufacture and sale of various motors, reducers, inverters and generators. The Home Appliances segment is engaged in the manufacture, installation and sale of various televisions and other video appliances, as well as air conditioners, refrigerators, washing machines and small household appliances. The Company is also engaged in the provision of power engineering services and power equipment, as well as electric vehicle products, fire pumps and other products. The Company operates within the domestic market and to overseas markets, including the Americas, Europe, Australia, Japan, Singapore, Indonesia and mainland China.
TECO ELECTRIC & MACHINERY CO., LTD. 
