KUALA LUMPUR: Tanco Holdings Bhd
came under intense selling pressure in early trade on Wednesday, with the stock hitting the limit down amid heavy trading.
The property developer plunged 30 sen, or 37.5%, to 50 sen, with 27 million shares changing hands as at 9.32 am. The counter has slumped more than 63% over the past five trading sessions and is down over 46% year-to-date.
Bursa Malaysia has suspended intraday short selling (IDSS) of Tanco Holdings shares for the remainder of Wednesday's trading session after the stock breached the prescribed price limit.
The stock exchange operator said the suspension was triggered after Tanco's last done price fell by more than 15% or 15 sen from its reference price, in accordance with IDSS regulations.
The exchange said IDSS activity for the stock will resume on the next trading day, Thursday, June 11, 2026, from 8.30 am.
Separately, Tanco announced on Tuesday that its indirect wholly owned subsidiary, Tanco Dot Com Sdn Bhd, had signed a one-year memorandum of understanding with Hong Kong-based China Mobile International to explore the development of a 50-megawatt data centre in Negeri Sembilan.
The collaboration is aimed at expanding Tanco's business into new sectors through strategic partnerships with global players.
