Tanco Holdings Berhad issued a statement on June 15, 2026, to address a dramatic collapse in its share price. The company assured investors that business operations and strategic projects remain unaffected.
The stock value plummeted nearly 93% in less than two weeks. This decline included a 35% drop on the day of the announcement.
Tanco responded to an Unusual Market Activity (UMA) query from Bursa Malaysia Securities. Management stated they are unaware of any undisclosed corporate developments that triggered the sell-off.
The company described the decline as unusual because its fundamentals remain sound. Key initiatives like the Smart AI Container Port and a proposed data center collaboration are progressing as planned.