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Zetrix AI confirms RM25mil sukuk default, pledges quick settlement
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KUALA LUMPUR: Zetrix AI Bhd confirmed that payment for Sukuk Wakalah Series No. 6, valued at RM25 million and due on Nov 6, remains outstanding as of today.
In a filing to Bursa Malaysia, the company said it is taking the necessary steps to settle the outstanding amounts to the sukuk holders as soon as practicable.
"For the avoidance of doubt, the outstanding payments of the nominal value and expected periodic distribution amount in respect of the Sukuk Wakalah Series No. 6 represent less than five per cent of the net assets of Zetrix AI based on its latest audited financial statements,” it said.
Zetrix AI said it will make further announcements on any material developments in relation to the above matter, where necessary.
The company’s Bursa filing was in response to an official query from Bursa Malaysia Securities Bhd following a media report by The Edge Malaysia on Nov 6, 2026, which revealed that MARC Ratings had downgraded Zetrix AI’s sukuk to "default” status after it failed to settle the financial obligation. - Bernama
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