KUALA LUMPUR (April 20): Tanco Holdings Bhd (KL:TANCO) has been ordered by regulators to explain recent trading that sent its share price to new all-time highs.

Bursa Malaysia demanded that the property developer clarify whether there are any undisclosed corporate developments, rumours, or reports concerning its business and affairs that may have contributed to the trading activity.

Tanco has also been asked by Bursa Malaysia to declare whether it is in compliance with the exchange’s listing requirements, particularly on the obligation to promptly disclose material information.

The company has yet to respond to the query at the end of Monday’s trading session. 

The counter opened at RM1.69 on Monday morning before climbing to a high of RM1.72. Tanco gave up all of the day’s gains to end at RM1.60, down nine sen or 5% from the previous session’s closing price, after nearly 30 million shares changed hands.

At the last price, the company’s market capitalisation stood at RM9.8 billion — a value that implies 971 times its trailing earnings. 

Shares of Tanco have gained nearly 40% year to date, and nearly doubled from the start of 2025. Earnings jumped to RM4.19 million for the first six months ended Dec 30, 2025 from RM1.92 million in the same period a year earlier. 

The exchange’s query also comes following The Edge’s report in the March 9-15, 2026 issue on Tanco’s puzzling share price movements that made it one of the most valuable property developers on Bursa Malaysia.

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