Tanco Holdings Berhad is trading 6.9% down at $0.14 as the stock continues to experience extreme volatility following a catastrophic selloff earlier this month.
- The shares remain under intense pressure after plunging approximately 90%–93% in under two weeks from a peak near RM1.78.
- Management has informed Bursa Malaysia that it is unaware of any undisclosed developments, describing the recent price action as odd.
- The current downward move appears driven by shaken investor sentiment and technical volatility rather than fresh, company-specific news.