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CORPORATE MILESTONES

Over the years we have achieved many goals and set benchmark after benchmark, pushing ourselves to do our best. Here’s a quick look at what has happened since it all began.

2000

  • LGB Group undertook a reverse takeover exercise by injecting 100% equity interest in Sungai Harmoni Sdn. Bhd. (“Sungai Harmoni”) and Taliworks (Langkawi) Sdn. Bhd. (“Taliworks Langkawi”) into Carpets International Malaysia Berhad (“Carpets”), which was then listed on the Second Board of the KLSE (July).
  • Carpets was transferred to the Main Board of Bursa Securities (which has since been merged with the Second Board into a single board known as the Main Market) (October).
  • Carpets was renamed to Taliworks Corporation Berhad (“Taliworks”) (November).

2002

  • Taliworks was named Forbes magazine’s 100 best smaller-sized enterprises in the Asia Pacific.
  • Taliworks secured its maiden project for the design, construction and supervision for water supply works to the Northern Area of the Central Kedah Water Supply Scheme for RM120 million.

2003

  • Taliworks was named Forbes magazine’s 100 Best Smaller-Sized Enterprises in the Asia Pacific and KPMG/The Edge Shareholders Value Awards (ranked no. 21 out of top 100 companies and ranked 2nd within the Infrastructure Grouping).

2004

  • Taliworks diversified its business interests to include waste management in the People’s Republic of China.
  • Taliworks was ranked no. 85 out of the top 100 companies for the KPMG/The Edge Shareholders Value Awards.

2005

  • Tianjin-SWM (M) Environment Ltd Co, a 90% owned subsidiary of Taliworks, commenced operations in the Tianjin Panlou Municipal Solid Waste Transfer Station (January).
  • Taliworks was ranked no. 78 for The Edge Top 100 Best Companies in terms of return (3 years).
  • Taliworks was ranked no. 40 out of the top 100 companies for the KPMG/The Edge Shareholders Value Awards.
  • Taliworks issued 70,440,000 warrants 2005/2010 pursuant to a rights issue of warrants on the basis of 1 warrant for every 5 ordinary shares of RM0.50 each held after the split of every 1 ordinary share of RM1.00 each into 2 ordinary shares of RM0.50 each (September).
  • Taliworks adopted a general dividend policy of distributing not less than 50% of its net earnings as gross dividends for the next three years commencing from the financial year 2006.

2006

  • Taliworks was ranked no. 124 out of 200 public listed companies based on market capitalisation as at 31 December 2005 under the Corporate Governance Survey Report 2006 published jointly by the Minority Shareholder Watchdog Group and The University of Nottingham – Malaysia Campus.
  • Taliworks was ranked amongst the top 212 main board companies selected based on market capitalisation as at 31 December 2005 under the Dividend Survey 2006 published jointly by the Minority Shareholder Watchdog Group and Universiti Teknologi MARA.
  • Taliworks issued 17,000,000 new placement shares of RM0.50 each at RM1.35 per share pursuant to a private placement of shares (May).
  • Air Kedah Sdn. Bhd., a 60% owned subsidiary, received the Letter of Acceptance to implement the Padang Terap Water Supply Scheme from the Kedah State Government for RM149 million (July).

2007

  • Taliworks diversified its business interests to highway toll operations and maintenance through the acquisition of 55% interest in the then JV Company, Cerah Sama Sdn. Bhd. (“Cerah Sama”) for the Cheras-Kajang Highway.
  • Taliworks acquired a 56% stake in Puresino (Guanghan) Water Co. Ltd. (April) and subsequently commenced commercial operations of the Guanghan San Xin Dui wastewater treatment plant in September.
  • Taliworks was ranked no. 87 out of 350 main board companies under the Corporate Governance Survey Report 2007 published jointly by the Minority Shareholder Watchdog Group and The University of Nottingham – Malaysia Campus.
  • Taliworks was ranked amongst the top 500 public listed companies selected based on market capitalisation as at 31 December 2006 under the Dividend Survey 2007 published jointly by the Minority Shareholder Watchdog Group and Universiti Teknologi MARA.
  • Taliworks issued 5-year convertible bonds with a nominal value of RM225 million.

2008

  • Taliworks was ranked no. 45 out of 960 public listed companies under the Corporate Governance Survey Report 2008 published jointly by the Minority Shareholder Watchdog Group and The University of Nottingham – Malaysia Campus.

2009

  • Taliworks was ranked amongst the top 100 public listed companies under the Malaysian Corporate Governance Report 2009 published by the Minority Shareholder Watchdog Group.

2011

  • Taliworks was awarded the subcontract of the Mengkuang Dam Expansion Project for a project sum of RM339 million (September).
  • Taliworks (Yinchuan) Wastewater Treatment Co. Ltd., a wholly-owned subsidiary of Taliworks, completed the takeover of the operation of four municipal wastewater treatment plants with recycled water facilities in Yinchuan (December).

2012

  • Taliworks was awarded the Brandlaureate Best Brand Awards 2011-2012 - Best Brands in Industrial - Water Treatment.
  • Taliworks entered into a joint venture with LGB Engineering Sdn. Bhd. to undertake a contract by the State Government of Selangor for the construction and completion of Raw Water Pumping Main and Interconnection at Matang Pagar Reservoir for a contract sum of RM20.3 million (March).

2013

  • Cerah Sama issued RM420 million Islamic Medium Term Notes (Sukuk Musharakah) under the Sukuk Programme of up to RM750 million in nominal value (January).
  • Taliworks (Langkawi) was granted an authorisation by the National Water Service Commission to undertake and carry out the operations and activities under the Langkawi Water Supply Privatisation Agreement (October).
  • Taliworks was listed among the Top 100 Malaysian Public Listed Companies (“PLC”) by the Minority Shareholder Watchdog Group as per the ASEAN CG Scorecard methodology on 862 PLC companies.

2014

  • Taliworks gained control over Cerah Sama which subsequently became Taliworks’ subsidiary as a result of an internal re-organisation exercise (June to August).
  • EPF acquired 31.85% equity interest in Cerah Sama reduced to 28.05% from 55%.
  • The consortium of LGB-Taliworks JV was awarded the SSP3 Package Pipeline, involving the supplying and laying of 11km of 1,200 mm diameters of steel pipes with a contract value of RM30.6 million (June).
  • Taliworks announced a Dividend Policy of declaring a dividend payout ratio of not less than 75% of its consolidated profit after tax (excluding exceptional items) commencing the financial year ending 31 December 2015 (September).
  • Grand Sepadu Sdn. Bhd. (“Grand Sepadu”) executed a Novation Agreement and a Second Supplemental Concession Agreement to take over the New North Klang Straits Bypass Expressway for cash consideration of RM265 million (December).

2015

  • Grand Sepadu issued a RM210 million Sukuk Murabahah.
  • TEI Sdn. Bhd. (“TEI”) acquired 35% equity interest in Cerah Sama from a shareholder of Cerah Sama - SEASAF Highway Sdn. Bhd., resulting in Taliworks’s equity interest in Cerah Sama to increase from 28.05% to 51%.
  • LGB Taliworks Consortium Sdn. Bhd., being Taliworks 20% associate company was awarded the SSP7 Project contract by Pengurusan Aset Air Berhad with a contract sum of RM75.9 million (September).
  • Taliworks undertook an internal reorganisation to rationalise the group structure such that the group’s investment in its highway concessionaires are held under separate immediate holding companies – Cerah Sama is 51% owned by TEI, while Grand Sepadu is wholly owned by Pinggiran Muhibbah Sdn. Bhd.
  • Taliworks issued 43,980,000 new placement shares of RM0.50 each at RM3.20 per share pursuant to a private placement of shares (October)
  • Taliworks issued 241,897,790 Warrants 2015/2018 on the basis of 1 Warrant for every 5 ordinary shares held after the share split comprising the subdivision of every 2 existing ordinary shares of RM0.50 each into 5 ordinary shares of RM0.20 each (November).
  • Taliworks completed the 2nd partnership with EPF via the disposal of its 50% equity interest in Pinggiran Muhibbah to EPF (December).
  • Taliworks was included in the MSCI Global Small Cap Indexes for Malaysia.
  • Taliworks was ranked no. 91 out of the Top 100 Overall CG Companies – Disclosures with ROE Performance by the Minority Shareholder Watchdog Group.

2016

  • In line with Taliworks’ new business strategy to focus on mature operational cash-generating utilities/infrastructure businesses to support its dividend policy, Taliworks completed the disposal of its entire waste management operations in the People’s Republic of China and acquired 35% equity interest in SWMH. This marks Taliworks’ 3rd partnership with EPF, where EPF also held 35% equity interest in SWMH (May).
  • A consortium comprising of Taliworks and Ikatan Gemajaya Sdn. Bhd. was awarded the Ganchong Water Treatment Works from the East Coast Economic Region Development Council with the total contract sum of RM73.1 million (September).
  • SWM Environment Sdn. Bhd. (“SWME”), a 100% owned subsidiary of SWMH, was awarded the Brandlaureate SMEs BESTBRANDS Award 2015-2016 - Signature Brand Services – Integrated Solid Waste Management.
  • Taliworks was awarded the IEM 2016 Award for Water Management in Malaysia.
  • Taliworks was ranked no. 44 out of the Top Malaysian 100 PLCs with Good Disclosures by the Minority Shareholder Watchdog Group.
  • Taliworks was ranked no. 29 out of the Top 100 Malaysian PLCs for Overall Corporate Governance and Performance by the Minority Shareholder Watchdog Group.

2017

  • Taliworks was ranked no. 45 out of the Top Malaysian 100 PLCs with Disclosures by the Minority Shareholder Watchdog Group.
  • Taliworks was ranked no. 26 out of the Top 100 Malaysian PLCs for Overall Corporate Governance and Performance by the Minority Shareholder Watchdog Group.
  • SWME was awarded the Best Employer Branding Awards (3rd Edition) by Employer Branding Institute (India) in Malaysia.
  • SWME was awarded Gold Award (Private Sector) for the HR Award – Employer of Choice category by the Malaysian Institution of Human Resource Management.
  • SWME was awarded Gold Award (Head of Department) for the HR Leader category by the Malaysian Institution of Human Resource Management.

2018

  • Sungai Harmoni accepted the Letter of Offer from Pengurusan Air Selangor Sdn. Bhd. (“Air Selangor”) relating to the settlement of past receivables owing from Syarikat Pengeluar Air Sungai Selangor Sdn. Bhd. (“SPLASH”) and the new Operations and Maintenance Agreement to be entered into (August).
  • Taliworks issued 806,325,239 new ordinary shares on the basis of two (2) bonus shares for every three (3) existing ordinary shares in Taliworks (October).
  • Taliworks Construction Sdn. Bhd. accepted the Letter of Award for the proposed construction and completion including handing over to the authority of 76ML R.C. reservoir R4 and related ancillary works at Cyberjaya Flagship Zone at a contract sum of RM42.4 million (October).
  • The balance of the Warrants 2015/2018 remained unexercised lapsed and were subsequently delisted (November).
  • SWME was awarded two silver medals by Perbadanan Teknologi Hijau Melaka for the category of Green Corporate Social Responsibility and Green Practices.