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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.

1965

  • Taliworks Corporation Berhad (“Taliworks”) was incorporated in Malaysia as a private limited company under the name of The Carpet Manufacturing Company (Malaysia) Limited (“Carpet Manufacturing”) (August).

1968

  • Carpet Manufacturing changed its name to F&T Carpets (Malaysia) Sdn. Bhd. (“F&T Carpets”) (November).

1974

  • F&T Carpets was renamed to Carpets International Malaysia Sdn. Bhd. (“Carpets International”) (February).

1982

  • Carpets International was converted into a public company and assumed the name Carpets International Malaysia Berhad (“Carpets”) (December).

1992

  • Carpets was listed on the then Second Board of the Kuala Lumpur Stock Exchange now known as Bursa Malaysia Securities Berhad (“Bursa Securities”) (July).

2000

  • Carpets completed the acquisition of 100% equity interest in Sungai Harmoni Sdn. Bhd. and Taliworks (Langkawi) Sdn. Bhd. (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 Main Market) (October).
  • Carpets was renamed to Taliworks Corporation Berhad (November).

2002

  • Taliworks ceased the operations of designing, manufacturing, distributing and laying of carpets and rugs.
  • Taliworks was named in the Forbes magazine’s list of 100 Best Smaller-Sized Enterprises in Asia Pacific.
  • Taliworks secured its maiden project for the design, construction and supervision of water supply works to the Northern Area of the Central Kedah Water Supply Scheme for RM120 million.

2003

  • Taliworks was named in the Forbes magazine’s list of 100 Best Smaller-Sized Enterprises in Asia Pacific.
  • Taliworks was awarded the KPMG / The Edge Shareholders Value Awards (ranked 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 awarded the KPMG / The Edge Shareholders Value Awards (ranked 85 out of top 100 companies).

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 awarded The Edge Top 100 Best Companies in terms of return (3 years) (ranked 78 out of top 100 companies).
  • Taliworks was awarded the KPMG / The Edge Shareholders Value Awards (ranked 40 out of top 100 companies).
  • 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 (Sept).
  • 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 124 out of 200 public listed companies based on the 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 the 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”).
  • Taliworks acquired a 56% stake in Puresino (Guanghan) Water Co. Ltd. (April) and the company subsequently commenced commercial operations of the Guanghan San Xin Dui wastewater treatment plant in September.
  • Taliworks was ranked 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 the 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 RM225 million of nominal value of 5-year convertible bonds.

2008

  • Taliworks was ranked 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 sub-contract 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 water recycling facilities in Yinchuan (December).

2012

  • Taliworks was awarded the BrandLaureate Best Brand Awards 2011-2012- BestBrands in Industrial - Water Treatment.
  • Taliworks’ joint-venture with LGB Engineering Sdn. Bhd. was awarded 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 (February).

2013

  • Cerah Sama issued an RM420 million Islamic Medium Term Note (Sukuk Musharakah) under the Sukuk Programme of up to RM750 million in nominal value (January).
  • Taliworks (Langkawi) Sdn. Bhd. was granted an authorisation by the National Water Service Commission to undertake and carry out operations and activities under the Langkawi Water Supply Privatisation Agreement (October).

2014

  • Taliworks gained control over Cerah Sama and the company became a subsidiary of Taliworks as a result of an internal re-organisation exercise (June to August).
  • The Employees Provident Fund Board (“EPF”) acquired 31.85% in Cerah Sama, whilst Taliworks’ effective 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 profits after tax (excluding exceptional items) commencing the financial year ending 31 December 2015 (September).
  • Grand Sepadu (NK) Sdn. Bhd. (Grand Sepadu) executed a Novation Agreement and a Second Supplemental Concession Agreement (SSCA) to take over the New North Klang Straits Bypass Expressway (NNKSB) for a cash consideration of RM265 million (December).

2015

  • Grand Sepadu issued an 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' equity interest in Cerah Sama increasing from 28.05% to 51%.
  • LGB Taliworks Consortium Sdn. Bhd. (“LGBTC”), Taliworks 20% associate company, was awarded the SSP7 Project contract by Pengurusan Aset Air Berhad with a contract sum of approximately RM75.9 million (September).
  • Taliworks undertook an internal re-organisation 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. (“Pinggiran Muhibbah”).
  • 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 a second 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.

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 the entire waste management operations in the People’s Republic of China and the acquisition of 35% equity interest in SWM Environment Holdings Sdn. Bhd. (“SWMH”). This marks Taliworks’ 3rd partnership with EPF where EPF 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).
  • Taliworks 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.