MENU

BURSA ANNOUNCEMENTS

Date : 01 September 2010

TALIWORKS CORPORATION BERHAD ("Taliworks" or "the Company") 1. SIGNING OF CONCESSION AGREEMENT WITH YINCHUAN MUNICIPAL CONSTRUCTION BUREAU TO TAKE-OVER AND UPGRADE FOUR (4) EXISTING WASTE WATER TREATMENT PLANTS WITH RECYCLED WATER FACILITIES (“CONCESSION AGREEMENT”), AND 2. SIGNING OF ASSET TRANSFER AGREEMENT WITH YINCHUAN CITY WASTE WATER TREATMENT CO. LTD. TO TRANSFER ALL RIGHTS AND INTEREST OF ASSETS (“ASSET TRANSFER AGREEMENT”) (COLLECTIVELY REFERRED TO AS “THE PROJECT”)

TALIWORKS CORPORATION BERHAD

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-100830-40936
SubjectTALIWORKS CORPORATION BERHAD ("Taliworks" or "the Company")
1. SIGNING OF CONCESSION AGREEMENT WITH YINCHUAN MUNICIPAL CONSTRUCTION BUREAU TO TAKE-OVER AND UPGRADE FOUR (4) EXISTING WASTE WATER TREATMENT PLANTS WITH RECYCLED WATER FACILITIES (“CONCESSION AGREEMENT”), AND

2. SIGNING OF ASSET TRANSFER AGREEMENT WITH YINCHUAN CITY WASTE WATER TREATMENT CO. LTD. TO TRANSFER ALL RIGHTS AND INTEREST OF ASSETS (“ASSET TRANSFER AGREEMENT”)

(COLLECTIVELY REFERRED TO AS “THE PROJECT”)
ContentsFurther to the Company's announcement dated 25 August 2010 in respect of the Project, the Board of Directors of Taliworks is pleased to attach herewith the additional information in relation to the above matter for public release.

This announcement is dated 1 September 2010.
Query Letter ContentWe refer to your announcement dated 25 August 2010 in respect of the
abovecaptioned matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release :-

1. The audited net book value of the Waste Water Treatment Plants based on
Yinchuan City Waste Water Treatment Co. Ltd's latest audited accounts.
2. Particulars of all liabilities, including contingent liabilities and
guarantees to be assumed by the Joint Venture Company/Taliworks Corporation
Berhad, arising from the Asset Transfer Agreement.
3. The eventual issued and paid-up capital of the Joint Venture Company.
4. The total cost of the technical upgrading of the Waste Water Treatment
Plants, and the source(s) of funds to finance it.
5. The basis in arriving at the RMB810 million transfer price of the Waste
Water Treatment Plants. If it was based on net assets, the year the net assets
were taken into consideration, quantifying the net assets and stating whether
it was based on audited financial statements.
6. The gearing of the Taliworks Corporation Bhd group before and after the
Project.
7. Whether the Project/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 government authorities.
8. The time and place where the Concession Agreement and the Asset Transfer
Agreement may be inspected.
9. The estimated time frame to complete the Project.
10. The highest percentage ratio applicable to the Project pursuant to
paragraph 10.02(g) of the Main Market Listing Requirements.

Kindly furnish Bursa Securities with your reply within one (1) market day from
the date hereof.


Yours faithfully



TAN YEW ENG
Head, Issuers
Listing Division, Regulation

TYE/NMA c.c:- Head, Market Surveillance Department, Market Supervision
Division, Securities Commission (via fax


Announcement Info

Company NameTALIWORKS CORPORATION BERHAD  
Stock Name TALIWRK    
Date Announced1 Sept 2010  
CategoryGeneral Announcement
Reference NoCC-100901-A2D09

Back