Wednesday, February 9, 2011

#Flash* Tanco queried over unusual market activity

KUALA LUMPUR: Bursa Malaysia Securities Bhd has queried TANCO HOLDINGS BHD [] on Wednesday, Feb 9 over the over unusual market activity in the trading of its shares.

At 12.19pm, Tanco was up 2.5 sen to 43.5 sen with 31.02 million shares done.

In its query, the regulator referred to the high volume and price in the company's shares recently.

Bursa Securities said Tanco had to provide it with an announcement for public release after making due enquiry with the directors and major shareholders seeking the cause of the unusual market activity in the company's shares.

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