Taliworks indirect wholly-owned subsidiaries, TR CPark Sdn. Bhd. and TR Sepang Sdn. Bhd. entered into three separate agreements for the acceptance of insurance payments totaling USD2,323,711.65 (or RM10,672,807.61).
The company said the Insurance Proceeds are in relation to replacement cost for the solar modules at the respective solar plants. It added the proceeds are expected to be received in August 2024.
Taliworks expects the Insurance Proceeds to contribute positively to the TCB group's financial performance for the financial year ending 31 December 2024.