PETALING JAYA: Main Market-listed Tanco Holdings Bhd has addressed the recent trading volatility surrounding its shares, reaffirming its commitment to business continuity and the execution of its strategic infrastructure and property development pipeline.
The group reiterated that it has responded to the unusual market activity query issued by Bursa Malaysia Securities. Following enquiries with its board of directors and major shareholders, the company confirmed it is unaware of any undisclosed corporate developments that may account for the recent trading patterns.
Tanco emphasised that it does not speculate on share price movements. However, the recent, rapid and unprecedented share price fall appears odd, given that all of Tanco’s fundamental businesses, along with its major projects and contracts, were sound and intact prior thereto and are still so, and that it has always maintained strict adherence to market disclosure regulations.
It said the recent market volatility does not impact the group’s fundamental business operations, contractual obligations, or strategic direction. All announced projects, including ongoing property developments, the Smart AI Container Port and the Port Dickson Free Zone in Negeri Sembilan, remain fully intact.
These initiatives, it added continue to progress in alignment with their respective regulatory, technical, financing, and commercial milestones.
Furthermore, Tanco assured its property purchasers that there are no cancellations or suspensions of any development projects arising from the current market trading activity.
Operationally, the Smart AI Container Port remains a long-term, private-led infrastructure initiative advancing through necessary technical and regulatory stages.
Concurrently, the Port Dickson Free Zone serves as an important complementary development intended to support Negeri Sembilan’s broader logistics and industrial economic agenda.
Regarding the recently announced memorandum of understanding (MoU) with China Mobile International Ltd, the group reiterated that the collaboration remains in an exploratory stage to assess the potential development of a 50MW data centre in Port Dickson. As previously disclosed, the MoU is not expected to carry any immediate material financial impact on the group.
The board and management said they remain focused on disclosure discipline, business continuity, and long-term value creation, ensuring all material corporate developments are communicated in a timely manner through Bursa Malaysia Securities.
