Tanco Shares Rise On Smart Ai Container Port Approval

KUALA LUMPUR, Oct 2 (Bernama) -- Tanco Holdings Bhd's shares drew attention on Bursa Malaysia during the early session today, following the group's approval to develop and construct the smart artificial intelligence (AI) container port in Port Dickson, Negeri Sembilan.

As of 10.03 am, the group's share price had risen 2.0 sen to RM1.40, with 6.17 million shares traded.

In a Bursa Malaysia filing on Tuesday, Tanco stated that its 79 per cent-owned subsidiary, Midports Holdings Sdn Bhd (MHSB), received the approval letter from the Malaysia Marine Department (MMD) for the contract on Sept 30, 2024.

The letter informed MHSB that the Marine Risk Assessment (MRA) Evaluation Committee Panel had accepted the report titled “Marine Risk Assessment (MRA) for Development and Marine Activity of smart AI container port at Port Dickson, Negeri Sembilan.”

As a result, the MMD granted approval and permission to MHSB for all marine activities and the development of the smart AI container port as part of the proposed port project, Tanco added.

-- BERNAMA