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Tanco Unaware of Reason Behind Unusual Share Movement; Shares Drop 15%

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Tanco (KLSE:TANCO) said it is unaware of any undisclosed corporate developments, rumours, or other factors that could explain the sharp fall in its share price, following a query from Bursa Malaysia over unusual market activity, according to a Monday Malaysian bourse filing.

Shares slumped over 15% in Tuesday's afternoon trade.

The company added that while some discussions and negotiations are ongoing, no material developments have been finalized or announced that could affect the trading movement.

Tanco also confirmed it is in full compliance with Bursa Malaysia's listing requirements and disclosure obligations.

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