DailySpaceTanco Holdings Berhad
2429 · Main Market主板（Main Market） · annual reports 2023 to 2025, 1681 entries read2023 至 2025 年报，共读出 1681 条
The company这家公司
Tanco Holdings Berhad operates in property development, construction and installation, business consulting services, and resorts and club operation. Its strategic initiatives include a Smart AI Container Port development in Negeri Sembilan and pharmaceutical research through Herbitec (M) Sdn. Bhd.Tanco Holdings Berhad 经营房地产开发、建筑与安装、商业咨询服务、以及度假村及俱乐部营运业务。其策略举措包括在森美兰开发智能人工智能集装箱港口，以及通过 Herbitec (M) Sdn. Bhd. 开展制药研究。
Source: annual report 2024, page 5; annual report 2025, page 7.出处：2024 年年报第 5 页；2025 年年报第 7 页。
In 2025, Construction and Installation contributed 69% of revenue (RM88.8 million), Business Consulting Services contributed 20% (RM25.8 million), Property Development/Management contributed 7% (RM9.2 million), and Resorts and Club Operation/Management contributed 4% (RM4.6 million).2025 年，建筑与安装部门占营业额 69%（RM88.8 million），商业咨询服务占 20%（RM25.8 million），房地产开发与管理占 7%（RM9.2 million），度假村及俱乐部营运与管理占 4%（RM4.6 million）。
Source: annual report 2025, pages 7, 14.出处：2025 年年报第 7、14 页。
At the 2025 reporting date, balances due from seven customers represented 57% of total receivables.截至 2025 年报告期末，来自七大客户的结余占总应收款项的 57%。
Source: annual report 2025, pages 158, 161.出处：2025 年年报第 158、161 页。
TJN Capital Sdn. Bhd. is the largest shareholder, holding 2,013,670,752 shares (33.419%) in the 2025 report. A footnote in the 2025 report gives one holder a deemed interest through TJN Capital Sdn. Bhd. and Millennium Land Sdn. Bhd. Pledged securities accounts held 168,000,000 shares for TJN Capital Sdn. Bhd. through CGS International Nominees and 310,524,780 shares for Andrew Tan Jun Suan through Affin Hwang Nominees. He is the brother of Group Executive Director Christopher Tan Khoon Suan and subsidiary director Edwin Tan Kium Suan.TJN Capital Sdn. Bhd. 是最大股东，在 2025 年年报中持有 2,013,670,752 股（33.419%）。2025 年报的一项附注显示，一名持股人通过 TJN Capital Sdn. Bhd. 及 Millennium Land Sdn. Bhd. 拥有视同权益。抵押证券账户中，TJN Capital Sdn. Bhd. 通过 CGS International Nominees 持有 168,000,000 股，Andrew Tan Jun Suan 通过 Affin Hwang Nominees 持有 310,524,780 股。他是集团执行董事 Christopher Tan Khoon Suan 及子公司董事 Edwin Tan Kium Suan 的兄弟。
Source: annual report 2025, pages 60, 64, 102, 186, 188.出处：2025 年年报第 60、64、102、186、188 页。
Christopher Tan Khoon Suan was promoted to Group Executive Director in March 2025. Chew Shen Hoay resigned as Executive Director on 15 October 2025. The 2024 report said Baker Tilly Monteiro Heng PLT would retire as external auditors at the forthcoming annual general meeting and not seek re-appointment. KPMG PLT was appointed as external auditors for the 2025 financial year.Christopher Tan Khoon Suan 于 2025 年 3 月升任集团执行董事。Chew Shen Hoay 于 2025 年 10 月 15 日辞任执行董事。2024 年报表示，Baker Tilly Monteiro Heng PLT 将在即将召开的股东周年大会上退任外部审计师，且不寻求连任。KPMG PLT 获委任为 2025 财政年度的外部审计师。
Source: annual report 2024, page 87; annual report 2025, pages 60, 69, 92, 181.出处：2024 年年报第 87 页；2025 年年报第 60、69、92、181 页。
Revenue by segment, 20252025 年各部门营业额占比
Source: annual report 2025, page 7.出处：2025 年年报第 7 页。
Major events大事记
Source: annual report 2023, page 83; annual report 2024, page 141.出处：2023 年年报第 83 页；2024 年年报第 141 页。
Source: annual report 2023, page 144.出处：2023 年年报第 144 页。
Source: annual report 2023, page 18.出处：2023 年年报第 18 页。
Source: annual report 2024, page 124.出处：2024 年年报第 124 页。
Source: annual report 2024, page 14; annual report 2025, page 11.出处：2024 年年报第 14 页；2025 年年报第 11 页。
Source: annual report 2025, pages 145, 154.出处：2025 年年报第 145、154 页。
Source: annual report 2025, page 12.出处：2025 年年报第 12 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, liabilities and equity资产、负债与权益
20232023 年
In 2023, net cash used in operating activities was RM24.99 million. Financing cash flows brought RM40.0 million, with RM27,991,000 from the issuance of redeemable convertible notes and RM20,850,000 from the exercise of warrants. Advances from directors provided RM25,436,000, while bridging loans of RM34,236,000 were repaid. Investing cash outflow included RM19,720,000 net cash paid to acquire a 50.1% interest in Gplex Properties Sdn Bhd for RM20,000,000, and RM1,353,000 for purchase of property, plant and equipment. No dividend was declared or paid.2023 年，营运活动所用现金净额为 RM24.99 million。融资现金流带来 RM40.0 million，其中可赎回可转换票据发行带来 RM27,991,000，凭单行使带来 RM20,850,000。董事预付款项提供 RM25,436,000，同时偿还了 RM34,236,000 的过渡贷款。投资现金流出包括以 RM20,000,000 收购 Gplex Properties Sdn Bhd 50.1% 股权所支付的 RM19,720,000 现金净额，以及 RM1,353,000 购买物业、厂房及设备。未宣布或派发任何股息。
Source: annual report 2023, pages 22, 81, 96, 97, 144, 145.出处：2023 年年报第 22、81、96、97、144、145 页。
20242024 年
In 2024, net cash used in operating activities was RM18.21 million. Financing cash flow brought RM25.92 million, with proceeds from warrant exercises providing RM48,078,000. Repayments to directors took RM14,914,000, and term loans were repaid by RM6,245,000. Investing cash outflow included RM1,817,000 for purchase of property, plant and equipment and RM527,000 for intangible assets, while cash received from disposing of a subsidiary was RM10,000,000. The group recognised lease liabilities of RM31,236,880 for hotel units, and total cash outflows for leases were RM754,259. No dividend was declared or paid.2024 年，营运活动所用现金净额为 RM18.21 million。融资现金流带来 RM25.92 million，其中行使凭单所得提供 RM48,078,000。偿还董事款项支出 RM14,914,000，偿还定期贷款 RM6,245,000。投资现金流出包括 RM1,817,000 购买物业、厂房及设备和 RM527,000 购买无形资产，而脱售一家子公司收到现金 RM10,000,000。集团就酒店单位确认了 RM31,236,880 的租赁负债，租赁总现金流出为 RM754,259。未宣布或派发任何股息。
Source: annual report 2024, pages 17, 81, 96, 97, 98, 111, 124.出处：2024 年年报第 17、81、96、97、98、111、124 页。
20252025 年
In 2025, operating cash outflow was RM20.5 million. Financing cash inflows were RM36.1 million, with proceeds from warrant exercises bringing RM43,107,000 and revolving credit drawdowns providing RM10,088,000. Repayments to directors took RM9,590,000, lease liability payments took RM3,464,000, and interest paid was RM2,374,000. Investing cash outflow was RM20.1 million, including RM20,327,000 paid in cash for purchase of property, plant and equipment. A 7-for-5 bonus issue distributed 3,093,266,977 new ordinary shares and 757,964,120 warrants. No dividend was recommended or paid.2025 年，营运现金流出为 RM20.5 million。融资现金流入为 RM36.1 million，其中凭单行使所得带来 RM43,107,000，提取循环信贷提供 RM10,088,000。偿还董事款项支出 RM9,590,000，支付租赁负债支出 RM3,464,000，已付利息为 RM2,374,000。投资现金流出为 RM20.1 million，包括支付 RM20,327,000 现金购买物业、厂房及设备。按 5 股配 7 股派送红股，发行了 3,093,266,977 股新普通股及 757,964,120 份凭单。未建议或派发任何股息。
Source: annual report 2025, pages 14, 100, 113, 114, 154.出处：2025 年年报第 14、100、113、114、154 页。
Across the three years三年合看
Operating cash flow was negative in every year: RM24,985,000 used in 2023, RM18,205,000 in 2024, and RM20,486,000 in 2025. Funding was obtained mainly from warrant exercises and note issues, generating RM20,850,000 and RM27,991,000 respectively in 2023, RM48,078,000 in 2024, and RM43,107,000 in 2025. Loans and borrowings fell from RM41,381,000 in 2022 to RM19,588,000 in 2023 and RM9,549,000 in 2024, then rose to RM19,833,000 in 2025. No dividends were paid in any of the three years.营运现金流每年均为负数：2023 年支出 RM24,985,000，2024 年支出 RM18,205,000，2025 年支出 RM20,486,000。资金主要来自凭单行使及票据发行，2023 年分别产生 RM20,850,000 及 RM27,991,000，2024 年产生 RM48,078,000，2025 年产生 RM43,107,000。贷款与借款由 2022 年的 RM41,381,000 降至 2023 年的 RM19,588,000 及 2024 年的 RM9,549,000，随后升至 2025 年的 RM19,833,000。三年内均未派发股息。
Source: annual report 2023, pages 81, 97; annual report 2024, pages 81, 97; annual report 2025, pages 100, 114.出处：2023 年年报第 81、97 页；2024 年年报第 81、97 页；2025 年年报第 100、114 页。
Still to be spent尚未支出的承诺
Capital commitments contracted but not provided for property, plant and equipment stood at RM5,767,000 at end 2025. In addition, potential future lease payments not included in lease liabilities were RM17,177,000 at end 2025.截至 2025 年底，已签约但未拨备的物业、厂房及设备资本承诺为 RM5,767,000。此外，未计入租赁负债的潜在未来租赁付款在 2025 年底为 RM17,177,000。
Source: annual report 2025, pages 124, 170.出处：2025 年年报第 124、170 页。
Four years of figures四年数字
Group figures, in RM thousand (×1,000), as printed in the statements.集团数字，单位千令吉（×1,000），照财务报表所印。
| Group集团 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 14,325 | 93,850 | 173,532 | 128,461 |
| Profit/(Loss) before tax税前盈利/（亏损） | (12,982) | 21,784 | 18,131 | 15,578 |
| Profit/(Loss) for the year年度盈利/（亏损） | (4,739) | 20,922 | 15,567 | 11,956 |
| Net cash used in operating activities营运活动所用现金净额 | (13,961) | (24,985) | (18,205) | (20,486) |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (43) | (1,353) | (1,817) | (20,327) |
| Total assets总资产 | 286,667 | 418,960 | 518,497 | 516,252 |
| Total liabilities总负债 | 114,474 | 176,491 | 207,326 | 150,018 |
| Total equity总权益 | 172,193 | 242,469 | 311,171 | 366,234 |
| Loans and borrowings贷款与借款 | 41,381 | 19,588 | 9,549 | 19,833 |
| Cash and cash equivalents现金与现金等价物 | 4,810 | 6,755 | 12,586 | 7,939 |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| Redeemable Convertible Notes proceeds of RM79,600,000 allocated for Splash Park project to be utilised within 36 months (2023)可赎回可转换票据所得款项中拨出 RM79,600,000 用于 Splash Park 项目，拟于 36 个月内动用（2023 年） | Actual utilisation remained at RM55,433,000 as the programme expired on 29 September 2023.随着该计划于 2023 年 9 月 29 日到期，实际动用金额停留在 RM55,433,000。 Source: annual report 2023, pages 21, 70; annual report 2024, pages 70, 139.出处：2023 年年报第 21、70 页；2024 年年报第 70、139 页。 | Programme expired计划已到期 |
| Archipelago Overseas Pte. Ltd. to manage Splash Park Tower 2 once completed (2023)Splash Park 第 2 座完工后将由 Archipelago Overseas Pte. Ltd. 管理（2023 年） | Tower 2 Service Suite was completed, and the 413-room hotel opened on 8 July 2025 managed by Archipelago International.第 2 座服务式套房完工，拥有 413 间客房的酒店于 2025 年 7 月 8 日开业，由 Archipelago International 管理。 Source: annual report 2023, page 15; annual report 2024, pages 10, 17; annual report 2025, page 12.出处：2023 年年报第 15 页；2024 年年报第 10、17 页；2025 年年报第 12 页。 | Carried out已执行 |
| Development of The Genium in Puchong with 1,245 units set to commence in 2025 (2024)拥有 1,245 个单位的蒲种 The Genium 项目拟于 2025 年动工开发（2024 年） | Renamed Xanadu Condominium with 1,245 units, the project was planned for launch in financial year 2026 subject to market demand.该拥有 1,245 个单位的项目更名为 Xanadu Condominium，视市场需求计划于 2026 财政年度推介。 Source: annual report 2024, page 31; annual report 2025, page 46.出处：2024 年年报第 31 页；2025 年年报第 46 页。 | Launch deferred推介延后 |
| Conduct human clinical trials to evaluate the antiviral capabilities of NODEN against dengue (2023)进行人体临床试验以评估 NODEN 对抗登革热的抗病毒能力（2023 年） | Human clinical trials were kickstarted in 2024 and remained underway in 2025.人体临床试验于 2024 年启动，至 2025 年仍在进行中。 Source: annual report 2023, page 19; annual report 2024, page 33; annual report 2025, page 15.出处：2023 年年报第 19 页；2024 年年报第 33 页；2025 年年报第 15 页。 | Still in progress仍进行中 |
What the reports leave open年报留下待看的事
- Development and financing of the Smart AI Container Port and Port Dickson Free Zone following the supplemental agreement signed with MBINS in August 2025 for the first 300 acres acquired for RM88.5 million.在 2025 年 8 月就以 RM88.5 million 收购的首期 300 英亩土地与 MBINS 签署补充协议后，智能人工智能集装箱港口及波德申自由区的开发与融资进展。
Source: annual report 2025, pages 11, 17, 98.出处：2025 年年报第 11、17、98 页。
- Launch and development timeline for the 1,245-unit Xanadu project in Puchong, planned for launch in financial year 2026 with an estimated gross development value of approximately RM700 million.蒲种拥有 1,245 个单位的 Xanadu 项目的推介与开发时间表，该项目计划于 2026 财政年度推介，预计总开发价值约为 RM700 million。
Source: annual report 2025, pages 10, 46.出处：2025 年年报第 10、46 页。
- The results of human clinical trials for dengue therapy Noden™ with Universiti Malaya.与马来西亚大学合作的登革热疗法 Noden™ 人体临床试验结果。
Source: annual report 2025, pages 10, 15.出处：2025 年年报第 10、15 页。
- Collection and credit risk on receivables, with balances due from seven customers representing 57% of total receivables at end 2025.应收款项的回收与信用风险，截至 2025 年底来自七大客户的结余占总应收款项的 57%。
Source: annual report 2025, pages 156, 161.出处：2025 年年报第 156、161 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-30.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-10-30。