KUALA LUMPUR, Oct 29 (Bernama) -- Zetrix AI acknowledges that a dissolution event had been triggered under its Sukuk Wakalah Programme following a breach of a covenant requiring Wong Thean Soon to remain its single largest shareholder.
Sukuk Dissolution Event Does Not Require Immediate Full Repayment, Says Zetrix AI
Zetrix AI, sukuk, repayment, breach
BE Bernama 
Key takeaways
Zetrix AI says a sukuk dissolution event does not require immediate full repayment despite a covenant breach.
- Zetrix AI acknowledges a sukuk dissolution event due to a covenant breach.
- The company will engage with sukukholders to resolve matters as per program terms.
- No immediate full repayment is required under the RM2 billion sukuk program.
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