KLSE:TANCO

4 stories mentioning KLSE:TANCO

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Malaysian Shares Rebound Despite Downbeat Regional Performance; Tanco's Shares Dive 38%

Malaysian shares erased losses to end in the green mid week, bucking regional losses.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 3.46 points to end 0.2% higher at 1,678.96. The day range was between 1,673.64 and 1,684.22.In economic news, Malaysia could miss its 2026 fiscal deficit target due to rising fuel subsidy costs triggered by the Iran-Israel conflict, according to a Bloomberg News report. In an interview with Bloomberg TV, Second Finance Minister Amir Hamzah Azizan said the government may "slightly" miss the goal, but stressed that protecting vulnerable households remains the immediate priority. He added that longer-term consolidation plans are still on track.In corporate news, shares of Tanco (KLSE:TANCO) plunged about 38% at Wednesday's close after its unit Tanco Dot Com signed a memorandum of understanding with China Mobile International to explore the development of a 50-megawatt data center in Port Dickson, Malaysia.Whereas, Scientex's (KLSE:SCIENTX) shares gained about 2% at today's close after its profit attributable to owners jumped to 142.2 million ringgit in the fiscal third quarter ended April 30, from 123.7 million a year ago.Moreover, Petroliam Nasional, or Petronas, unit Petronas LNG agreed to supply up to 2 million tons per annum of LNG to Japan's Jera. The contract will run for 20 years beginning in 2028.

FTSE Bursa Malaysia KLCIKLSE:SCIENTXKLSE:TANCO

Asia5d ago

Tanco Taps China Mobile for 50MW Malaysia Data Center Development; Shares Plummet 38%

Tanco (KLSE:TANCO) unit Tanco Dot Com signed a memorandum of understanding with China Mobile International to explore the development of a 50-megawatt data center in Port Dickson, Malaysia, according to a Tuesday Malaysian bourse filing.Shares dived 38% in Wednesday's midday trade.The one-year MoU sets out a framework for both parties to evaluate and potentially develop the project.Tanco said the collaboration is part of its strategy to expand into new business sectors, particularly data center development.

KLSE:TANCO

Asia6d ago

Malaysian Shares End Marginally Lower Despite Positive Performance of Regional Peers; Tanco Shares Slump 29%

Malaysian shares extended losses, ending in the red on Tuesday and bucking regional gains. Investors remained cautious as market uncertainties persisted and new catalysts were limited.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 4.02 points to end 0.2% lower at 1,675.50. The day range was between 1,675.04 and 1,687.93.In local news, Malaysia Semiconductor Industry Association President Wong Siew Hai expects growth in the country's electrical and electronics export market to continue in 2026. In an interview with Bloomberg TV, the nation's chip industry chief said such exports could top 800 billion ringgit this year, up from 711 billion ringgit in 2025 and 601 billion ringgit in 2024.In corporate news, 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. Shares plunged nearly 29% on Tuesday's close.Shares of renewable energy and green technology company Cypark Resources (KLSE:CYPARK) gained over 4% after it proposed a private placement of up to 10% of its total shares to third-party investors.AMMB (KLSE:AMBANK) unit AmBank (M) agreed to acquire Menara AmBank skyscraper and its related assets for 331 million ringgit. Menara AmBank, a 46-story office tower in Kuala Lumpur's Golden Triangle.

FTSE Bursa Malaysia KLCIKLSE:AMBANKKLSE:CYPARKKLSE:TANCO

Asia6d ago

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

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.

KLSE:TANCO