KUALA LUMPUR (Nov 5): Tanco Holdings Bhd (KL:TANCO) group managing director and major shareholder Datuk Seri Andrew Tan Jun Suan has been actively trading the company’s shares in recent weeks — buying and selling every day — ahead of a sharp plunge in the counter on Tuesday.

Since the release of Tanco’s annual report for FY2025 on Oct 30, Tan has continued to adjust his shareholdings in the property and hospitality group through open market transactions.

As of Oct 2, 2025, the cut-off date stated in the report, he held a 52.12% equity interest in the company — comprising a 17.12% direct stake and an indirect 35% interest held via TJN Capital Sdn Bhd and Millennium Land Sdn Bhd. 

According to Bursa Malaysia filings, Tan’s share dealings continued throughout October, involving multiple rounds of disposals and acquisitions. His trading pattern showed frequent buybacks following each disposal, resulting in only minor changes to his overall shareholding level.

On Tuesday (Nov 4), Tan disposed of 5.04 million shares at 85 sen apiece and subsequently acquired 7.75 million shares at 86.8 sen apiece and 2.38 million shares at 82.8 sen apiece in open market transactions. His stake then rose marginally from 52.61% to 52.78%.

Between Oct 6 and Nov 3, Tan was involved in over 30 separate transactions, including an acquisition totalling over 20 million shares between Oct 6 and 10, mostly priced between 83.9 sen and 88.5 sen apiece, as well as several million shares traded between Oct 21 and 31 at prices ranging from 87.5 sen to 94 sen apiece.

On Nov 3, Tanco’s filings showed that Tan disposed of 4.59 million shares at 94.5 sen apiece, followed by a purchase of 6.5 million shares at 94 sen apiece.

Tanco’s share price tumbled 16.4% or 15.5 sen during morning trade on Tuesday (Nov 4), hitting a two-month low of 78.5 sen, before paring some losses. The sharp decline prompted a temporary suspension of intraday short selling (IDSS) of the stock for the rest of the day. 

Bursa Malaysia said IDSS of Tanco shares will be reactivated at 8.30am on Wednesday. When contacted by The Edge earlier on Tuesday, Tanco declined to comment on its share price movements. 

Tan, who graduated from the University of Melbourne with a degree in Commerce in 2002, joined Tanco in 2005 as business development director. He was appointed executive director in 2007 and became group managing director in 2015. 

His brothers, Christopher Tan Khoon Suan and Edwin Tan Kium Suan, also serve as directors in Tanco’s subsidiaries.

The group is expected to announce its financial results for the first quarter ended Sept 30, 2025 (1QFY2026) later this month.

For the financial year ended June 30, 2025 (FY2025), Tanco reported a 33.8% decline in net profit to RM7.88 million from RM11.9 million a year earlier, while revenue fell 26% to RM128.46 million from RM173.53 million. 

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