Tanco Holdings Berhad saw its share price recover slightly after falling more than 80% in recent trading sessions, following the group’s statement that it remained unaware of any undisclosed developments that could have triggered the unusual market activity.
The stock, which had been suspended twice over the past two weeks, rebounded 15% to close at RM0.15 after the company assured investors that its operations, major projects and contractual commitments remained intact.
Tanco said it had responded to the Unusual Market Activity (UMA) query issued by Bursa Malaysia Securities Berhad and had conducted enquiries with its Board of Directors and major shareholders.
Following the review, the group confirmed that it was not aware of any undisclosed corporate developments that could have contributed to the recent trading activity.
The group stressed that the recent market volatility had no impact on its business operations, contractual obligations or strategic direction.
