Brief: Foxconn , Teco Will Swap Shares To Become Strategic Partner

Teco Electric and Machinery Co.,

30/07/2025 08:36

July 30 (Reuters) - Foxconn 2317.TW, TECO 1504:

WILL SWAP SHARES TO BECOME STRATEGIC PARTNER

FOXCONN WILL HOLD 10% STAKE IN TECO AFTER SHARE SWAP

ONE SHARE OF TECO WILL GET 0.305 SHARE OF FOXCONN

COMPANIES HAVE RECENTLY ENTERED TALKS REGARDING ESTABLISHING DATA CENTERS IN TAIWAN AND THE U.S.

FOXCONN'S SPOKESPERSON: TAIWAN, ASIA, THE MIDDLE EAST AND THE UNITED STATES ARE KEY FOCUS REGIONS FOR THE PARTNERSHIP

EXPECT TO CLOSE THE TRANSACTION IN Q4, PENDING REGULATORY APPROVAL

TECO WILL HOLD 0.519% OF FOXCONN SHARES AFTER DEAL

Source text: [ID:]

Further company coverage: 2317.TW

 (Reporting by Lee Wen-yee and Faith Hung)

 ((faith.hung@thomsonreuters.com;))