Zetrix AI at Risk of RM2 Billion Sukuk Covenant Breach After Shareholder Change
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Zetrix AI Bhd may breach a covenant in its RM2 billion Sukuk Wakalah programme after its managing director, Wong Thean Soon, ceased to be the single largest shareholder. This change followed forced share sales by banks, potentially impacting the company's financial agreements.
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Originally published by gnews