KUALA LUMPUR: Tanco Holdings Bhd
said it is not aware of any new or material corporate developments, rumours or reports that may have caused the sharp decline in its share price, following an unusual market activity (UMA) query from Bursa Malaysia Securities Bhd.
The property developer's shares hit a limit down on Monday, falling 29.56%, or 47 sen, to RM1.12, with 30.49 million shares traded. The stock has lost more than 36% over the past five trading days.
In its reply to Bursa Malaysia, Tanco said that after making due enquiries with its board, major shareholders and other relevant parties, it was not aware of any unannounced corporate developments that could account for the trading activity.
The company, however, noted that there are ongoing discussions and negotiations, adding that any announcement would be made once such matters become definitive, finalised and confirmed.
Tanco also said it was not aware of any rumours, reports or other possible explanations for the sharp movement in its share price, and confirmed that it is in compliance with Bursa Malaysia's immediate disclosure requirements.
