Zetrix AI Given Until Oct 22 To Remedy Sukuk Breach Or Face Payment Default

KUALA LUMPUR, Oct 16 (Bernama) -- Zetrix AI Bhd has been given until Oct 22, 2026, to remedy a breach of covenant under its Sukuk Wakalah, failing which a payment default will be triggered.

Profit-Taking In Index Heavyweights Pulls Bursa Malaysia Lower

By Siti Noor Afera Abu & K. Naveen Prabu

KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia closed lower on Friday as buying interest shifted from index heavyweights to smaller-cap technology and telecommunications stocks as well as real estate investment trusts (REITs). 

Zetrix AI Shares Fall 7.69 Pct On Potential Sukuk Covenant Breach Risk 

KUALA LUMPUR, Oct 16 (Bernama) -- Zetrix AI Bhd’s share price fell 7.69 per cent, or half a sen, on Friday following news of a potential covenant breach under its RM2 billion Sukuk Wakalah Programme.

Bursa Malaysia Remains Lower At Mid-Afternoon

KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia stayed lower in mid-afternoon trading on persistent selling in selected heavyweight counters.

Bursa Malaysia Remains Lower At Midday

KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia remained lower at midday amid continued selling pressure in selected heavyweight counters. 

Zetrix AI Potentially In Breach Of Covenant Under Sukuk Programme After Wong Thean Soon Ceases As Single Largest Shareholder

KUALA LUMPUR, Oct 16 (Bernama) -- Zetrix AI Bhd said it has considered being potentially in breach of covenant under the Sukuk Wakalah Programme after Wong Thean Soon's shareholding was substantially reduced yesterday, which resulted in him ceasing to be the single largest shareholder of the company.

Bursa Malaysia Snaps Four-Day Winning Streak On Profit Taking

KUALA LUMPUR, Oct 15 (Bernama) -- Bursa Malaysia’s key index retreated four days of gains to close lower on Thursday, following profit-taking in selected heavyweight stocks and tracking regional and Wall Street losses.

Zetrix AI To Fully Cooperate With Authorities In Ongoing Investigation

KUALA LUMPUR, Oct 15 (Bernama) -- Zetrix AI Bhd will fully cooperate with authorities in an ongoing joint investigation by the Royal Malaysia Police (PDRM) and the Malaysian Anti-Corruption Commission (MACC).

Bursa Malaysia Ends Morning Session Lower On Continuous Profit-Taking

KUALA LUMPUR, Oct 15 (Bernama) -- Bursa Malaysia remained lower at midday due to continuous profit-taking after hitting a four-day high.

Bursa Malaysia Stays Lower At Mid-Morning On Profit-Taking

KUALA LUMPUR, Oct 15 (Bernama) -- Bursa Malaysia remained in negative territory at mid-morning as profit-taking in heavyweight stocks, particularly plantation counters, kept the benchmark index lower despite a partial recovery from its earlier losses.

Bursa Malaysia Extends Winning Streak To Four Days As Bargain Hunting Continues

By Siti Noor Afera Abu & Naveen Prabu

KUALA LUMPUR, Oct 14 (Bernama) -- Bursa Malaysia’s index extended its winning streak to four consecutive days, ending higher on Wednesday, as bargain hunting continued in banking heavyweights, with the market remaining largely in positive territory throughout the trading session.

Bursa Malaysia Remains In Positive Territory At Mid-Afternoon

KUALA LUMPUR, Oct 14 (Bernama) -- Bursa Malaysia’s key index remained in positive territory at mid-afternoon, supported by sustained buying interest in selected heavyweights led by transportation and logistics as well as banking stocks.