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Companies

Zetrix AI plunges 50% in heavy trade, hits limit-down

Zetrix AI Bhd’s shares crashed 50% on Friday, tumbling to a limit-down 29.5 sen as more than 800 million shares changed hands.

Source: The Edge Malaysia · August 28, 2026 at 5:01 AM · AI-assisted report

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Zetrix AI plunges 50% in heavy trade, hits limit-down
Image: theedgemalaysia.com

BURSA MALAYSIA, 28 AUGUST 2026 —

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Zetrix AI Bhd’s shares crashed 50% on Friday, tumbling to a limit-down 29.5 sen as more than 800 million shares changed hands.

Market Impact

The 30-sen drop, the maximum permitted for stocks under RM1, triggered a suspension of intraday short selling for the rest of the session. Zetrix AI became the most active counter on Bursa Malaysia by volume within hours of trading.

Managing director Wong Thean Soon said the company is unaware of any issues and no investigation is underway. “All remains good at Zetrix, there is no issue with the company as far as the management is concerned,” he told The Edge.

Zetrix AI holds a collaboration agreement with HeiTech Padu, the primary contractor for the government’s National Integrated Immigration System. Wong owns 0.97% directly and 16.9% indirectly in HeiTech Padu via investment vehicles.

HeiTech Padu’s single largest direct shareholder is Rosetta Partners Sdn Bhd, an investment vehicle linked to Sultan Muhammad V of Kelantan, which holds a 23.61% stake.

Zetrix AI reported a 35% rise in second-quarter profit on AI and blockchain contributions, and declared a 0.25 sen dividend.

Related: Zetrix AI Bhd · Wong Thean Soon · Bursa Malaysia

Reporting based on The Edge Malaysia. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.