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The record, in date order

Why Is Zetrix Share Price Falling? The Timeline, 28 Aug to 5 Oct 2026

RaymondRates.my4 min read

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ZETRIXZetrix AI

Zetrix AI Bhd (ZETRIX, 0138) closed at 6.5 sen on 5 October 2026, from 66 sen on 26 August. Below is every filing and report behind the fall, in date order. It takes no view on the shares.

66 sen to 6.5 sen
close, 26 Aug to 5 Oct
-90% in 26 sessions
RM314m
owed to JPJ, per the minister
19 May to 30 Sep 2026
29.5% to 10.6%
MD's stake, 17 Aug to 30 Sep
direct and via Asia Internet Holdings

Why is Zetrix share price falling?

Five blows in six weeks. Every bar below is a completed session.

Zetrix AI ZETRIX · 0138 · KLSE · daily · RM0.065 ▼ 90% from the 26 Aug close of 66 sen; 92% in 2026O 0.080 H 0.090 L 0.065 C 0.0655 Oct 2026 · Vol 1.39b0.2000.3000.4000.5000.6000.7000.80028 Aug: limit down, -50%UMA query and reply1 Sep: 1.74b shares, low 17 senRM130m deal announced18 Sep: dividend deferred under injunction2 Oct: JPJ arrears report, -30%5 Oct: JPJ suspension, -43%0.065Volume, million shares500m1b1.5b3 Aug13 Aug24 Aug2 Sep11 Sep21 Sep30 Sep5 OctYahoo Finance daily OHLCV, completed sessions
ZETRIX daily candles with volume, 3 August to 5 October 2026.
  1. 28 Aug. Limit down, 50% to 29.5 sen. Bursa queried. The reply blamed rumours tying the company to the former Human Resources Minister, charged that day, and called them baseless.
  2. 1 to 9 Sep. A RM130 million purchase was announced, queried, terminated and re-signed with a new seller. The managing director’s stake fell from 29.5% to 13.1%.
  3. 14 to 18 Sep. A High Court injunction stopped the 2.89 sen dividend on payment day. Shares down 18% to 20 sen.
  4. 28 Sep. The external auditor resigned.
  5. 2 to 5 Oct. The Edge reported over RM200 million of JPJ collections unremitted. JPJ suspended the group as collection agent. The minister said RM314 million. Closes of 11.5 sen, then 6.5 sen.

The timeline, filing by filing

Part one, 24 Aug to 9 Sep. Red = price or ownership, amber = filings and deals, green = results.24 AugQ2 filed: net profit RM269.3m, up 35%. Revenue RM426.7m. Close 65.5 sen.Bursa filing28 AugLimit down, -50.4% to 29.5 sen on 1.05b shares. Bursa UMA query at 12.04pm.Bursa, FMT28 AugReply at 6.48pm: no undisclosed development; rumours tying it to Saravanan have no basis.Bursa filing1 SepLow 17 sen, close 26.5 sen, 1.74b shares. RM130m deal for 50% of MYEG Ventures announced.Bursa, FMT2 SepEntire 16.9% HeiTech Padu stake sold for RM27.5m. Bursa queries the deal; two halts.Newswav, Bursa3 to 4 SepMD Wong Thean Soon disposes of 570.54m shares over three days. Reported as margin calls.Bursa, NST4 SepNext Lion agreement terminated at 7.34pm. No break fee.Bursa filing7 SepSame deal re-signed with IPVG Employees: RM130m, 360.57m new shares at 28 sen.Bursa, NST9 SepWong at 13.139%, from 29.457% on 17 Aug. Bursa queries the IPVG valuation; reply same day.Bursa filingsBursa announcement dates. Stakes include shares held through Asia Internet Holdings. Links in Sources.
Part one. Dates are Bursa announcement dates. Links in Sources.
Part two, 14 Sep to 5 Oct. Red = price or ownership, amber = filings, court and regulators.14 to 17 SepHigh Court injunction by a substantial shareholder over nominee accounts and the DRP.Bursa, BusinessToday18 SepFinal dividend of 2.89 sen deferred to 23 Sep, then 28 Sep. Shares -18% to 20 sen.Bursa filings22 to 30 SepAsia Internet Holdings ceases to be substantial. Wong 10.97% on 23 Sep, 10.6% by 30 Sep.Bursa filings28 SepDividend paid, except the affected accounts. Auditor TGS TW PLT resigns, effective in 21 days.Bursa filings30 SepIPVG completion pushed to the end of Q4. Close 16 sen.Bursa filing2 OctThe Edge: over RM200m of JPJ collections not remitted. Close 11.5 sen, -30%, low 10 sen.The Edge, Yahoo2 OctAfter the close, JPJ suspends MyEG and Zetrix AI as collection agents from 5 Oct, 12.01am.JPJ via The Edge4 OctMARC: watch on the RM2b sukuk to Negative. Transparency, governance, information outstanding.MARC Ratings5 Oct8.56am: company confirms the suspension, says it is in discussion. Halt 9 to 10am.Bursa filings5 Oct11am: Loke puts arrears at RM314m, 19 May to 30 Sep, 35 reminders. Close 6.5 sen, -43%.The Star, YahooThe 5 October close is Yahoo Finance's, read after the 5pm close and matched to the KLSE Screener quote.
Part two, to the 5 October close.
Zetrix AI ZETRIX · 0138 · last 15 sessions · daily · RM0.065 ▼ 73% in 15 sessions; 11.5 sen on 2 Oct, 6.5 sen on 5 OctO 0.080 H 0.090 L 0.065 C 0.0655 Oct 2026 · Vol 1.39b0.1000.1500.2000.2500.30018 Sep: -18% to 20 sendividend deferred28 Sep: auditor resigns2 Oct: -30%JPJ arrears report5 Oct: -43%JPJ suspends services0.065Volume, million shares500m1b14 Sep18 Sep23 Sep28 Sep1 Oct5 OctYahoo Finance daily OHLCV, completed sessions
The last 15 completed sessions.
Loading chart…
pinch to zoom · swipe to move
ZETRIX live price.

What each side has said

The minister. At an 11am briefing on 5 October, Anthony Loke put the arrears at RM314 million for 19 May to 30 September 2026, after 35 reminders and four meetings. A RM231 million cheque, handed over on 21 August and dated 30 September, was not processed because the company told its bank not to, he said. The suspension stays until the full sum is paid. JPJ services continue through MyJPJ, the portal, counters and kiosks.

“The three-year figure is inaccurate.”
— Transport Minister Anthony Loke, 5 October 2026, on the report that the arrears go back to 2023

The company. On 28 August: no undisclosed development, no link to the former minister. On 24 September: the dividend moved to 28 September after two nominees intervened in the court case. On 5 October at 8.56am: the JPJ services are suspended and it is “currently in discussion to resolve the issues”. It has not addressed the RM314 million figure or the cheque.

Traffic queuing on a Kuala Lumpur street beneath the monorail line
Road tax, licence renewals and summonses: the collections JPJ says were not passed on. · Photo: Irfan Syahmi / Unsplash

Reported, but not confirmed

  • That the September disposals were margin calls. CEO Morning Brief reported it. The filings say “disposed”.
  • That RM200 million has been owed since May 2023. The minister says the arrears began in May 2026 and total RM314 million.
  • Why the cheque was not processed. The minister’s account is that the company told its bank. The company has not said.
  • What the suspension does to revenue. No filing quantifies it. Q3 results, due by 30 November, are the first numbers that will.

Dates on the record

  • 19 OctoberThe auditor’s resignation takes effect. No replacement has been named.
  • 31 DecemberDeadline to complete the IPVG purchase.
  • 1 March 2027Bursa’s extended deadline for the private placement proposed in February.
Not financial advice. Prices are Yahoo Finance closes to 5 October 2026, read after the 5pm close and checked against KLSE Screener. Rates.my holds no CMSA licence and gives no target price, forecast or recommendation.

Related: the live Zetrix AI stock page, the Bursa heat list, and our earlier pieces on the 28 August crash and the managing director’s sales.

Sources

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Zetrix AI live price, chart and filings

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Trader·7h ago
Good zetrix summary Lets see if it rebounds tmr

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