BURSA ANNOUNCEMENTS
Date : 15 August 2014
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
| TALIWORKS CORPORATION BERHAD |
| Type | Reply to query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | NM-140813-61364 |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TALIWORKS CORPORATION BERHAD - JOINT VENTURE VIA SHARE SALE AND PURCHASE AGREEMENT BETWEEN THE COMPANY, PINGGIRAN MUHIBBAH SDN. BHD. AND THE EMPLOYEES PROVIDENT FUND BOARD |
| Query Letter Contents | We refer to your Company's announcement dated 11 August 2014 in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1. The date on which the terms of the SSPA were agreed upon. 2. The net profit and net assets of Pinggiran Ventures based on its latest audited accounts. 3. The shareholding structure of Pinggiran Infrastructure Sdn Bhd ("Pinggiran Infrastructure") before and after completion of the SSPA. 4. Details of Pinggiran Muhibbah, Pinggiran Ventures, Pinggiran Infrastructure and Cerah Sama Sdn Bhd's investment companies, including their principal activities. 5. Name and details of the toll road asset, including owner of this asset 6. Quantification of the present value of the expected proportionate future net cashflows to be generated from the unexpired remaining concession life of the road toll assets. 7. Expiry date of the concession life of the road toll asset. 8. The timeframe for full utilisation of proceeds arising from the Proposed Disposal. 9. Details of all liabilities to be assumed by EPF arising from the Proposed Disposal. 10. Expected gains/losses to TCB group arising from the Proposed Disposal. 11. The original cost of investment and the date of investment in Pinggiran Ventures. 12. Whether the Proposed Disposal/Joint Venture is subject to the shareholders' and the relevant government authorities' approval, and the estimated time frame for submission of the application to the relevant authorities. 13. The salient features of the SSPA and the time and place where the SSPA may be inspected. 14. The estimated time frame to complete the Proposed Disposal. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully TAN YEW ENG Vice President, Issuers Listing Division Regulation TYE/NMA copy to:-General Manager & Head, Market Surveillance Department, Market Oversight Division, Securities Commission (via fax) |
Please refer to the attached document on the reply to Bursa Malaysia Berhad's query letter. This announcement is dated 15 August 2014. | |
Announcement Info
| Company Name | TALIWORKS CORPORATION BERHAD |
| Stock Name | TALIWRK |
| Date Announced | 15 Aug 2014 |
| Category | General Announcement |
| Reference No | CK-140815-E4124 |