BURSA ANNOUNCEMENTS
Date : 11 December 2015
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TALIWORKS CORPORATION BERHAD ("TCB" OR THE "COMPANY") PROPOSED JOINT VENTURE VIA A DISPOSAL OF 50% EQUITY INTEREST IN PINGGIRAN MUHIBBAH SDN. BHD. ("PMSB"), A WHOLLY-OWNED SUBSIDIARY OF TCB, TO PINGGIRAN VENTURES SDN. BHD. ("PVSB"), A WHOLLY-OWNED SUBSIDIARY OF THE EMPLOYEES PROVIDENT FUND BOARD ("EPF") ("PROPOSED JOINT VENTURE")
| TALIWORKS CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TALIWORKS CORPORATION BERHAD ("TCB" OR THE "COMPANY")
PROPOSED JOINT VENTURE VIA A DISPOSAL OF 50% EQUITY INTEREST IN PINGGIRAN MUHIBBAH SDN. BHD. ("PMSB"), A WHOLLY-OWNED SUBSIDIARY OF TCB, TO PINGGIRAN VENTURES SDN. BHD. ("PVSB"), A WHOLLY-OWNED SUBSIDIARY OF THE EMPLOYEES PROVIDENT FUND BOARD ("EPF") ("PROPOSED JOINT VENTURE") |
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We refer to the announcements dated 30 November 2015 and 2 December 2015 in relation to the Proposed Joint Venture. On behalf of the Board of Directors of TCB, CIMB Investment Bank Berhad and Hong Leong Investment Bank Berhad are pleased to announce that the Proposed Joint Venture has been completed today. Accordingly, PMSB has ceased to be a wholly-owned subsidiary of TCB and has become a 50% joint venture company of TCB in accordance with the Malaysian Financial Reporting Standard 11 – Joint Arrangements. This announcement is dated 11 December 2015. |
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Announcement Info
| Company Name | TALIWORKS CORPORATION BERHAD |
| Stock Name | TALIWRK |
| Date Announced | 11 Dec 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11122015-00001 |