Zetrix AI Bhd said its founder and executive vice-chairman Wong Thean Soon’s combined direct and indirect shareholding in the company stood at 1.895% as at yesterday, resulting in him ceasing to be the single largest shareholder.PETALING JAYA: Zetrix AI Bhd has until Oct 22 to remedy a potential breach of its sukuk terms after founder and executive vice-chairman Wong Thean Soon ceased to be the company's single largest shareholder following the forced sale of his shares by banks.

In a bourse filing today, Zetrix said Wong’s combined direct and indirect shareholding in the company stood at 1.895% as at yesterday, meaning he was no longer the single largest shareholder.

"Pursuant to the terms of the Sukuk Wakalah programme, the company is required to remedy the aforesaid breach within seven days of becoming aware of the matter. Accordingly, the company is required to remedy the aforesaid breach by Oct 22," it said.