Signature International Berhad has disposed of 26 million shares in Tanco Holdings Berhad for a total cash consideration of approximately RM22.61 million through open market transactions on Bursa Malaysia.
The company said the disposal consideration was based on prevailing market prices of Tanco shares at the time of each transaction, taking into account the company’s net assets per share, historical share price performance and the five-day volume weighted average price of RM1.648 per share up to 11 May 2026.
According to the filing, Tanco recorded a net profit attributable to shareholders of RM11.96 million for the financial year ended 30 June 2025, while net assets stood at RM366.23 million.
The company said rationale for the disposal is to realise funds from the Disposal. The proceeds arising from the sisposal will be utilised by the Group for working capital purposes and the repayment of bank borrowings of SIGN and its subsidiaries.
