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Why Was Zetrix's Trading Halted Today?

RaymondRates.my2 min read

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ZETRIXZetrix AI

Bursa Malaysia halted Zetrix AI shares for an hour on Friday, after the company said founder and group managing director TS Wong fell to a 1.895% stake, breaching a covenant in its RM2 billion sukuk that requires him to stay its single largest shareholder. Shares last traded at 6 sen, down 7.7% intraday, before the halt — not a close.

1.895%
TS Wong's combined stake
direct + indirect, 15 Oct notice
RM2.0bil
Sukuk Wakalah programme
AA-IS, MARCWatch Negative
22 Oct 2026
Deadline to remedy
7 days from the breach notice

Why was Zetrix’s trading halted today?

Live chart: ZETRIX (0138)
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  • TS Wong’s stake fell to 1.895% after lenders force-sold 358.8 million pledged shares, 12-14 October (Bursa filing).
  • Zetrix has until 22 October to fix the breach, or ask Sukukholders to waive it (Bursa filing).
  • MARC Ratings had already flagged the risk, cutting the AA-IS programme to MARCWatch Negative on 6 October (MARC Ratings).
A calculator resting on financial statements
The covenant sits in the terms of Zetrix's RM2 billion Sukuk Wakalah programme, not in its share price. · Photo: Unsplash

Track the live price on the Bursa heat list, or read this site’s dated timeline of the sell-off so far.

What to watch

  • 22 Oct 2026Deadline for Zetrix to remedy the covenant breach, or seek Sukukholders’ consent through an Extraordinary Resolution (Bursa filing).
  • Not yet fixedMARC Ratings’ next review of the AA-IS rating, on MARCWatch Negative since 6 October (MARC Ratings).
Not financial advice. This is general information on Zetrix AI Berhad’s (0138) Bursa Malaysia filings and share price, as at the morning of 16 October 2026. It is not a recommendation to buy, hold or sell any shares, and Rates.my does not issue price targets or forecasts. Confirm current prices and filings with your broker before acting.

Sources

Bursa filings (via KLSE Screener)

Reporting and data

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Zetrix AI live price, chart and filings

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