KUALA LUMPUR (June 15): Describing the scale of the decline in its share price since June 8 as odd, Tanco Holdings Bhd (KL:TANCO) on Monday assured shareholders that its business operations, property development, and contractual obligations remain unaffected.

The property developer said it does not comment on share price movements but has decided to issue a statement on the matter, noting “the recent, rapid and unprecedented share price fall appears odd”.

“All of Tanco’s fundamental businesses, along with its major projects and contracts, were sound and intact prior (to the price decline) and are still so, and that it has always maintained strict adherence to market disclosure regulations,” said the group in the statement.