PETALING JAYA: Things got from bad to worse for Zetrix AI Bhd when its shares sank to its lowest in 13 years after the transport ministry revealed it owed the road transport department (JPJ) a whopping RM314 million.
The stock plunged 43.5% or 5 sen to 6.5 sen a share, a level last touched in April 2013, valuing the e-government services provider formerly known as My EG Services Bhd at just RM525 million.
It was once again the most traded stock on Bursa Malaysia, with 1.37 billion shares changing hands.
Since hitting its highest price this year at 89.5 sen on April 21, the stock has crashed 93%, wiping approximately RM6.6 billion off its market capitalisation.
