BURSA ANNOUNCEMENTS
Date : 25 April 2016
Circular/Notice to Shareholders
| TALIWORKS CORPORATION BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE FOLLOWING: PART A (I) THE PROPOSED DISPOSALS OF TALIWORKS CORPORATION BERHAD'S ("TCB") ENTIRE INVESTMENT IN THE PEOPLE'S REPUBLIC OF CHINA COMPRISING: (A) THE ENTIRE EQUITY INTEREST HELD IN TALIWORKS INTERNATIONAL LIMITED ("TIL"); (B) 80% EQUITY INTEREST HELD IN TALIWORKS (SICHUAN) LIMITED ("TSL"); (C) THE ENTIRE EQUITY INTEREST HELD IN SWM TECHNOLOGIES (MALAYSIA) SDN BHD; AND (D) THE ASSIGNMENT FROM TCB TO LGB GROUP (HK) LIMITED OF ALL OUTSTANDING SHAREHOLDERS' LOANS AND/OR SHAREHOLDERS' ADVANCES OWING BY TIL AND TSL TO TCB, FOR AN AGGREGATE CASH CONSIDERATION OF USD54.6 MILLION (COLLECTIVELY, THE "PROPOSED DISPOSALS") (II) THE PROPOSED ACQUISITION OF 35% OF THE ISSUED AND PAID-UP ORDINARY SHARES IN SWM ENVIRONMENT HOLDINGS SDN BHD FOR A CASH CONSIDERATION OF RM245.0 MILLION ("PROPOSED ACQUISITION") PART B INDEPENDENT ADVICE LETTER FROM KENANGA INVESTMENT BANK BERHAD TO THE NON-INTERESTED SHAREHOLDERS OF TCB IN RELATION TO THE PROPOSED DISPOSALS AND PROPOSED ACQUISITION |
Please refer attachment below.
Announcement Info
| Company Name | TALIWORKS CORPORATION BERHAD |
| Stock Name | TALIWRK |
| Date Announced | 25 Apr 2016 |
| Category | Document Submission |
| Reference Number | DCS-25042016-00011 |