The Edge Says: Bursa Must Get Zetrix to Disclose Name of Substantial Shareholder Who Blocked Cash Dividend Payment
Zetrix AI Bhd suspended its 2.89 sen per share cash dividend on Sept 18 after a substantial shareholder obtained a court injunction, according to a statement filed with Bursa Malaysia. The company cited a dispute…
Source: The Edge Malaysia · September 21, 2026 at 7:02 AM · AI-assisted report
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BURSA MALAYSIA, 21 SEPTEMBER 2026 —
Zetrix AI Bhd suspended its 2.89 sen per share cash dividend on Sept 18 after a substantial shareholder obtained a court injunction, according to a statement filed with Bursa Malaysia.
Market Impact
The company cited a dispute between the unnamed shareholder and the entity operating a specific nominee account as the reason for halting the distribution.
The legal order was secured on Sept 14, four days before the scheduled payment date, Zetrix said. The injunction targeted only the cash component of the dividend. Shareholders who had opted for the share-based alternative were unaffected and remained eligible to receive their allotted shares. The company did not identify the substantial shareholder involved in the dispute, nor did it name the specific nominee account at the center of the legal conflict.
The suspension follows a period of volatility for the stock. Zetrix shares declined sharply in the two weeks leading up to the announcement. This fall in value was accompanied by the forced sale of shares held by controlling shareholder Wong Thean Soon. The company’s announcement did not directly link the stock price collapse to the legal dispute, but the timing has drawn attention to tensions within the shareholder base.
The Edge Malaysia questioned the legal basis for blocking the entire cash dividend distribution due to a dispute involving a single shareholder and a specific nominee account. The publication asked whether one shareholder’s legal conflict could legitimately prevent all shareholders from receiving their declared cash payments. This raises questions about the scope of the court injunction and its impact on the rights of non-involved shareholders.
Zetrix has not provided a timeline for when the cash dividend might be paid, nor has it disclosed the outcome of the legal proceedings. The company’s next steps will depend on the resolution of the dispute between the substantial shareholder and the nominee account operator. Investors remain without a clear path for receiving the 2.89 sen per share cash payment until further announcements are made.
Related: Zetrix AI Bhd · Wong Thean Soon · Bursa Malaysia