Six million Tanco warrants exercised at 31 sen apiece as share price on downward spiral
These are warrants issued under Tanco’s bonus issue in August 2022, involving up to 1.
These are warrants issued under Tanco’s bonus issue in August 2022, involving up to 1.
"The board is not aware of any possible explanation to account for the trading activity,” Tanco said in a reply to the unusual market activity query issued by Bursa Securities following the steep decline in its share price.
He succeeded Teh Heng Chong, who has resigned to pursue his personal interest.
The estimated time frame for completion of the project is March 2028, or 54 months from the date of the JV agreement.
The company said its indirect wholly owned Tanco Builders Sdn Bhd (TBSB) had accepted the letter of award (LOA) from Arkitek CKL, on behalf of WGBSB, to undertake the main building and infrastructure works for the project, which will have one block of Rumah Selangorku apartments (400 units).
In a bourse filing, Tanco said it received notification from Sosco of the parties' inability to finalise and execute the transaction documents on or before the cut-off date of March 31, 2023 and as prescribed in the terms of the supplemental term sheets.
Tanco’s wholly owned subsidiary Tanco Builders Sdn Bhd (TBSB) will undertake the construction and completion of subgrade works from C2CH34+499.
The group said it is acquiring the stake in Gplex Properties Sdn Bhd from Googolplex Holdings Bhd, which will still own the other 49.
Mah Sing said the land parcels located in Puchong Perdana have a potential gross development value of about RM726 million.
In a bourse filing on Tuesday (Oct 25), Tanco said it had signed a term sheet with Socso for the proposed RPS subscription by the latter.