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Sukuk Dissolution Event Does Not Require Immediate Full Repayment, Says Zetrix AI

KUALA LUMPUR, Oct 29 (Bernama) -- Zetrix AI acknowledges that a dissolution event had been triggered under its Sukuk Wakalah Programme following a breach of a covenant requiring Wong Thean Soon to remain its single largest shareholder.

Zetrix AI Confirms No Payment Default Has Occurred Amid Potential Sukuk Covenant Breach

KUALA LUMPUR, Oct 22 (Bernama)-- Zetrix AI Bhd has confirmed that no payment default has occurred as of today's announcement, amid a potential covenant breach under its sukuk wakalah programme valued at up to RM2 billion.