Zetrix AI Bhd, previously known as MyEG Services Bhd, has received a public reprimand from Bursa Malaysia Securities for multiple breaches of the Main Market Listing Requirements. The action also includes financial penalties imposed on seven members of its board.
In an official statement, Bursa Malaysia cited the company’s failure to ensure that several public announcements were factual, accurate, and free from false or misleading information. Furthermore, the company did not adhere to a specific directive issued by the exchange.
The directive in question required Zetrix AI to provide an immediate clarification on an earlier announcement made on 7 July 2023. Bursa Malaysia had instructed the company on 15 August 2023 to respond, with a deadline set for 16 August 2023. Zetrix AI failed to comply within the stipulated timeframe.
As a result, seven directors have each been fined RM150,000. The individuals include Managing Director Wong Thean Soon, Executive Chairman Datuk Norraesah Mohamad, and directors Datuk Mohd Jimmy Wong Abdullah, Wong Kok Chau, Datuk Seri Mohd Mokhtar Mohd Shariff, Datuk Mohd Jeffrey Joakim, and Mohaini Mohd Yusof.
Bursa Malaysia’s enforcement action underscores its commitment to maintaining high standards of corporate disclosure and governance within the capital markets.
-The Star
