Tanco Holdings Berhad has clarified that it is not aware of any undisclosed corporate developments that could explain the recent surge in its share price, following a query from Bursa Malaysia Securities Berhad over unusual market activity.
The company said that after conducting due enquiries with its board, major shareholders and relevant parties, there were no new material developments beyond previously announced initiatives.
These include updates related to the group’s proposed Smart AI Container Port in Port Dickson (Midport Project), as well as joint ventures and collaborations with several partners for infrastructure, logistics and port operations.
Among the disclosed developments are agreements with Chinese-linked entities for project bidding, construction, logistics warehousing and port management, alongside the recent approval of planning permission for the Midport Project by the local council.
Tanco noted that recent media articles and external commentary discussing the company, its market capitalisation and the Midport Project could have contributed to the heightened investor interest and trading activity.
However, it stressed that it is not aware of any rumours or unverified reports related to its business that may have influenced the share price movement.
