The share price of Tipco Asphalt (TASCO) plummetted by 14.64 per cent in morning session on Monday (September 14), the lowest in almost four months, after the company decided to hold off buying oil from Venezuela due to US sanctions from the end of November.

MALASYSIA-BASED logistics player Tasco expects its maiden foray into the cold chain business to contribute about 15 per cent to 20 per cent to revenue for the financial year to March 2018, after proposals at an extraordinary general meeting (EGM) received near unanimous approvals from shareholders.