Listed on the Main Market of Bursa Securities under Utilities Sector (Name & Code: TALIWRK & 8524), Taliworks Corporation Berhad (“Taliworks” or the “Company”) is a pure play infrastructure company involving in four main distinct business sectors as follows:-
Water Treatment, Supply and Distribution
Highway Toll Concessionaire, Operations and Maintenance Operator
Engineering and Construction
FOCUS ON MATURE OPERATIONAL CASH-GENERATING UTILITIES/INFRASTRUCTURE BUSINESS
Taliworks’ subsidiaries started out in the water management sector in 1987 as a pioneer in the privatisation of potable water treatment and supply in Malaysia and today, the water treatment, supply and distribution segment leads as the main core business activity of Taliworks. In 2004, the Company began to diversify its business into the waste management business in the People’s Republic of China (which was subsequently disposed of in 2016). Thereafter, it expanded into the highway toll concessionaire and operations and maintenance in 2007.
In 2016, Taliworks completed the realignment of its strategic business focus towards mature operational cash-generating utilities/infrastructure business to support its general dividend policy by disposing its entire waste management businesses in the People’s Republic of China and simultaneously acquiring a 35% equity interest in SWM Environment Holdings Sdn. Bhd. (“SWMH”). SWMH is an investment holding company whose subsidiaries are principally involved in managing and carrying on the business of solid waste collection and public cleansing management and other related activities in the states of Negeri Sembilan, Melaka and Johor in Malaysia under a 22-year concession agreement with the Federal Government.