Zetrix AI to hold sukukholders' meeting on covenant breach
KUALA LUMPUR: Zetrix AI Bhd will hold a meeting with sukukholders on Friday to discuss a proposed resolution to its covenant breach involving the shareholding of a substantial shareholder.
On October 23, Zetrix AI Bhd will convene a meeting with its sukukholders to address a potential covenant breach involving a substantial shareholder. A filing with Bursa Malaysia revealed that no payment default had occurred as of Thursday. The meeting, facilitated by the sukuk trustee Pacific Trustee Bhd, aims to gather feedback from holders on a proposed resolution to address the breach's cause and formulate a mutually acceptable arrangement.
The company remains committed to meeting its sukuk repayment obligations as per the agreed schedule and continues to engage with the trustee to resolve the matter.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
