Zetrix AI Most Active Stock In Early Trade

KUALA LUMPUR, Oct 30 (Bernama) -- Zetrix AI Bhd was the most active counter in early trade today, after receiving an additional income tax assessment from the Inland Revenue Board (IRB).

At 10.01 am, the company’s shares fell one sen to seven sen, with 174.57 million shares traded.

In a filing with Bursa Malaysia yesterday, the company said wholly owned subsidiary My EG Sdn Bhd received a RM353.13 million tax bill from IRB.

The amount relates to RM333.10 million in additional income tax related to transfer prising and RM20.02 million in deemed interest, including penalties for assessment years 2021, 2022 and 2023.

“MyEG is confident in the merits of its position and will take all necessary steps to safeguard its interests, including defending its position through the appropriate legal channels where necessary,” it said. 

-- BERNAMA