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BURSA ANNOUNCEMENTS

Date : 19 November 2012

MATERIAL LITIGATION TALIWORKS CORPORATION BERHAD (“Taliworks” or “the Company”) - Civil Suit by Beijing Puresino Boda Environmental Engineering Co Ltd (“BODA”) against Puresino (Guanghan) Water Co Ltd (“Puresino Guanghan”), a subsidiary of Taliworks (“Civil Suit”) Plaintiff : BODA Defendant : Puresino Guanghan

TALIWORKS CORPORATION BERHAD

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionTALIWORKS CORPORATION BERHAD (“Taliworks” or “the Company”)
- Civil Suit by Beijing Puresino Boda Environmental Engineering Co Ltd (“BODA”) against Puresino (Guanghan) Water Co Ltd (“Puresino Guanghan”), a subsidiary of Taliworks (“Civil Suit”)
Plaintiff : BODA
Defendant : Puresino Guanghan
Further to the announcements made by the Company on 30 June 2011, 29 August 2012 and 30 October 2012 in relation to the above matter, we wish to update the Exchange that Puresino Guanghan had recently received two (2) notices of Enforcement of Judgment (“Notices”) both dated 6 November 2012 in respect of the above matter from the Sichuan Deyang City Intermediate People’s Court (the “Court”). The details of the Notices are as follows:-
(a) The sum of RMB3,510,000 shall be transferred from the Defendant’s account to BODA; and

(b) The sum of RMB180,000 in the Defendant’s account shall be frozen.


The decision of the Court is not expected to have a material financial impact on the financial results of the Group for the financial year ending 31 December 2012.

The Defendant is in the midst of taking the necessary steps to comply with the Notices.

This announcement is dated 19 November 2012.


Announcement Info

Company NameTALIWORKS CORPORATION BERHAD  
Stock Name TALIWRK    
Date Announced19 Nov 2012  
CategoryGeneral Announcement
Reference NoCS-121119-97932

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