Zetrix AI shares fall 35pc after JPJ suspends services through collection agents
Zetrix AI Bhd shares dropped 35% following the Road Transport Department's suspension of the company and MyEG as service collection agents. The suspension was attributed to unfulfilled compliance obligations regarding their service agreements.
Why it matters
The suspension impacts public access to government services and highlights the risks associated with third-party digital service providers.
KUALA LUMPUR, Oct 5 — Zetrix AI Bhd’s share price fell during mid-morning trading following the Road Transport Department’s (JPJ) suspension of MyEG Sdn Bhd and Zetrix AI Bhd’s services as its collection agents, effective 12.01 am on Oct 5.
At 11 am, Zetrix AI’s share price slid by four sen to 7.5 sen, with 686.57 million shares traded.
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