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BURSA ANNOUNCEMENTS

Date : 15 August 2014

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS

TALIWORKS CORPORATION BERHAD

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-140813-61364
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionTALIWORKS 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.

Attachments

Reply to Bursa's query.pdf
534 KB



Announcement Info

Company NameTALIWORKS CORPORATION BERHAD  
Stock Name TALIWRK    
Date Announced15 Aug 2014  
CategoryGeneral Announcement
Reference NoCK-140815-E4124

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