Zetrix AI Bhd’s filing was in response to an official query following a Nov 6 report that MARC Ratings had downgraded Zetrix’s sukuk to ‘default’ status after it failed to settle the financial obligation. (File pic)PETALING JAYA: Zetrix AI Bhd confirmed that payment for Sukuk Wakalah Series No 6, valued at RM25 million and due on Nov 6, remains outstanding as of today.
The company said it is taking the necessary steps to settle the outstanding amounts to holders of its Islamic bond programme as soon as practicable.
“For the avoidance of doubt, the outstanding payments of the nominal value and expected periodic distribution amount in respect of the Sukuk Wakalah Series No 6 represent less than 5% of the net assets of Zetrix based on its latest audited financial statements,” it said in a Bursa Malaysia filing.
