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BURSA ANNOUNCEMENTS

Date: 21 August 2018

OTHERS TALIWORKS CORPORATION BERHAD ("TALIWORKS" OR "THE COMPANY") LETTER OF OFFER FROM PENGURUSAN AIR SELANGOR SDN BHD (AIR SELANGOR) TO SUNGAI HARMONI SDN BHD (SUNGAI HARMONI), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY


Type Announcement
Subject OTHERS
Description TALIWORKS CORPORATION BERHAD ("TALIWORKS" OR "THE COMPANY")
LETTER OF OFFER FROM PENGURUSAN AIR SELANGOR SDN BHD (AIR SELANGOR) TO SUNGAI HARMONI SDN BHD (SUNGAI HARMONI), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

The Board of Directors of Taliworks is pleased to announce that Sungai Harmoni, a wholly-owned subsidiary of the Company has today received a letter of offer dated 21 August 2018 from Air Selangor ("Offer") setting out the (i) key terms of settlement between Air Selangor, Syarikat Pengeluar Air Sungai Selangor Sdn Bhd ("SPLASH") and Sungai Harmoni relating to Sungai Harmoni's outstanding receivables arising from its existing operations and maintenance of the Sungai Selangor Water Treatment Plant Phase 1 ("SSP1") under the SSP1 OMA between Sungai Harmoni and SPLASH (as defined in the attachment); and the (ii) key terms in respect of the New OMA (as defined in the attachment) between Air Selangor and Sungai Harmoni.

Please refer to the attachment for the details.

The announcement is dated 21 August 2018.



 


ATTACHMENT

- TCB - Letter of Offer from Air Selangor to SHSB - announcement .pdf

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