Taliworks Corporation Berhad (“Taliworks” or the “Group”) is listed on the Main Market of Bursa Malaysia Securities Berhad under the Utilities Sector (Name & Code: TALIWRK & 8524). Taliworks, an established infrastructure company, is primarily involved in five core businesses as follows:-
In year 2000, LGB Group, being one of the pioneers in the privatisation of potable water treatment and supply services in Malaysia since 1987, undertook a reverse takeover exercise by injecting 100% equity interest in Sungai Harmoni Sdn. Bhd. (“Sungai Harmoni”) and Taliworks (Langkawi) Sdn. Bhd. (“Taliworks Langkawi”) respectively, and a 45% equity interest in C.G.E Utilities (M) Sdn. Bhd. into Carpets International Malaysia Berhad, which was then listed on the Second Board of the Kuala Lumpur Stock Exchange (“KLSE”) (now known as Bursa Malaysia Securities Berhad). Subsequently on 27 October 2000, it was transferred to the Main Board of the KLSE and was renamed Taliworks Corporation Berhad on 24 November 2000. The water treatment, supply and distribution business subsequently became Taliworks’ main core business.
In 2004, Taliworks diversified its business interests to include wastewater management in the People’s Republic of China. Thereafter, it expanded into the highway toll concessionaire, operations and maintenance business in 2007.
In 2016, Taliworks completed the realignment of its strategic business, focusing on mature operational cash-generating utilities/ infrastructure businesses to support its general dividend policy by disposing its businesses in the People’s Republic of China and subsequently acquired a 35% equity interest in SWM Environment Holdings Sdn. Bhd. (“SWMEH”), adding waste management business in Malaysia to Taliworks’ profile.
2022 marked a major milestone for Taliworks when the Group completed the acquisition of four (4) solar assets with an aggregate capacity of 19-megawatt peak, located within the vicinity of the Kuala Lumpur International Airport. This maiden venture will be an important step to provide Taliworks with a solid platform to further expand into other renewable energy projects and establish Taliworks to become one of the prominent players in the renewable energy space.