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Zetrix AI faces RM2bil sukuk covenant breach risk as TS Wong ceases to be single largest shareholder

KUALA LUMPUR: Zetrix AI Bhd faces a potential breach of a covenant under its RM2bil Sukuk Wakalah programme after managing director Wong Thean Soon ceased to be the company's single largest shareholder following forced share sales by banks.

The Star MalaysiaThe Star查看原文 ↗
由于黄宗泽不再是其最大单一股东,Zetrix AI面临20亿令吉伊斯兰债券违约风险。

KUALA LUMPUR: Zetrix AI Bhd faces a potential breach of a covenant under its RM2bil Sukuk Wakalah programme after managing director Wong Thean Soon ceased to be the company's single largest shareholder following forced share sales by banks.

In a filing with Bursa Malaysia, the company said Wong's combined direct and indirect shareholding had fallen to 1.895% as at Oct 15, 2026, following the forced selling of his shares by banks.

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