Zetrix AI Proposes Settlement for MYR314 Million Government Shortfall; Shares Jump 23%
MT Newswires Live
12 hours ago
Zetrix AI (KLSE:ZETRIX) has submitted a proposed solution to the Malaysian government to resolve 314 million ringgit in outstanding revenue collections following the suspension of its Road Transport Department services, according to a Monday statement.
The government halted services after MYEG Group collection agents MyEG and Zetrix AI failed to remit funds collected between May 19 and Sept. 30. The company said its priority is resolving the obligations to restore operations.
Zetrix AI's shares jumped 23% Tuesday morning.
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