Zetrix AI delays dividend payout again, to Sept 28, as legal dispute over nominee accounts goes to court
Zetrix AI Bhd has again delayed its cash dividend payment to shareholders until Sept 28, with dividends for nominee accounts on hold due to a legal dispute. A substantial shareholder sought an injunction after nominees allegedly failed to follow instructions for a dividend reinvestment plan.
Why it matters
This delay and legal battle highlight corporate governance issues and potential shareholder disputes, impacting investor confidence and the company's financial operations.
BURSA SGX Home Highlight Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (Sept 24): Zetrix AI Bhd (KL: ZETRIX ) is delaying its cash dividend payment to shareholders again, until Sept 28, while dividends linked to nominee accounts claimed by its substantial shareholder will remain on hold until the legal case is fully resolved.
The digital services firm said the remittance of the dividend to unaffected shareholders is “expected to be completed by Sept 28”, according to its filing with Bursa Malaysia on Thursday.
The group had originally scheduled the payment of its final dividend of 2.89 sen per share for the financial year ended Dec 31, 2025 on Sept 18, before postponing it first to Sept 23 and now to Sept 28.
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