TCS Group saw its share price plunge 12.5% after the DBKL suspended the J.Satine project on cracks appearing on the building and loud explosion noise were heard by neighbouring residents.

The group had called for the suspension of trading at 9:00 am today, however when trading resumed the share price dropped to 0.14 from 0.16.

The Managing Director today issued a statement claiming the incident was not caused by its construction but awaits further investigation results.