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Vai
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Vai replied to comment on TALIWRK.
2 years
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As per chairman’s message in the 2020 Annual Report.
Taliworks achieved a significant milestone in 2020 with the signing of a definitive conditional share purchase agreement to acquire four solar projects (“Proposed Acquisition”), located within the vicinity of the Kuala Lumpur International Airport, with an aggregate capacity of 19 megawatt- peak. This Proposed Acquisition provides a solid platform for the Group to build a new business line in renewable energy projects. Consistent with our investment strategy to acquire mature brownfield assets, the Proposed Acquisition is expected to provide Taliworks with an immediate sustainable recurring income to support our dividend policy. Further, with the Malaysian Government’s
stated intention to increase the share of renewable energy in Malaysia’s generation mix to 20% by 2025, and with the promulgation of various schemes such as Net Energy Metering, Large Scale Solar and Self Consumption, renewable energy could start to be a key focus area for Taliworks.
The Proposed Acquisition is also timely as it could potentially replace the loss of income from our Taliworks Langkawi water treatment, supply and distribution concession that expired in October 2020. The management, operations and maintenance of the water supply system in Pulau Langkawi were handed over to Syarikat Air Darul Aman Sdn. Bhd., a corporatised body under the State Government of Kedah.
As of the writing of this Report, we are awaiting final regulatory approval for the Proposed Acquisition.
Taliworks achieved a significant milestone in 2020 with the signing of a definitive conditional share purchase agreement to acquire four solar projects (“Proposed Acquisition”), located within the vicinity of the Kuala Lumpur International Airport, with an aggregate capacity of 19 megawatt- peak. This Proposed Acquisition provides a solid platform for the Group to build a new business line in renewable energy projects. Consistent with our investment strategy to acquire mature brownfield assets, the Proposed Acquisition is expected to provide Taliworks with an immediate sustainable recurring income to support our dividend policy. Further, with the Malaysian Government’s
stated intention to increase the share of renewable energy in Malaysia’s generation mix to 20% by 2025, and with the promulgation of various schemes such as Net Energy Metering, Large Scale Solar and Self Consumption, renewable energy could start to be a key focus area for Taliworks.
The Proposed Acquisition is also timely as it could potentially replace the loss of income from our Taliworks Langkawi water treatment, supply and distribution concession that expired in October 2020. The management, operations and maintenance of the water supply system in Pulau Langkawi were handed over to Syarikat Air Darul Aman Sdn. Bhd., a corporatised body under the State Government of Kedah.
As of the writing of this Report, we are awaiting final regulatory approval for the Proposed Acquisition.
Subang Parade is slightly over 90% occupancy from the annual report. However, 2 previous restaurant lots facing the main road seems empty. Internal are mainly occupied but now with MCO.. not all shops are open.
Parkson has scheduled to do a major renovation in the Subang Parade outlet 2h of this year. Don’t think they’ll pull out. Good news is Village Grocer opening also in 2H.
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