KUALA LUMPUR: Zetrix AI Bhd will hold a meeting with sukukholders on Friday to discuss a proposed resolution to its covenant breach involving the shareholding of a substantial shareholder.
In a filing with Bursa Malaysia tonight, the company said no payment default had occurred as at Thursday.
"The sukuk trustee, Pacific Trustee Bhd, will convene a meeting with all the sukuk holders on Oct 23 to discuss the matter with a proposed resolution to address the cause of the breach, in relation to the shareholding of the substantial shareholder.
"The meeting aims to facilitate constructive discussions and gather feedback from the sukuk holders on the proposed resolution," it said in the filing.
