Zetrix Faces 11 November Deadline to Disclose Financial Position
Published
Zetrix and its subsidiaries are now facing significant pressure after Bursa Malaysia directed the company to disclose its financial position before 11 November. This directive was issued after the company failed to remit RM314 million to the government.
Zetrix and its subsidiaries have been suspended as collection agents for the Road Transport Department (JPJ). They were required to collect certain fees on behalf of the government, but the amount collected was not remitted back as it should have been. This situation raises questions about the company's financial management.
Bursa Malaysia wants investors and the public to have clear and accurate information about the company's actual condition. Therefore, Zetrix needs to provide a detailed explanation of its assets, liabilities and financial position before the stipulated date.
So far, there has been no final decision on this matter. The public is advised to continue following the latest developments through reliable news sources.
Sources: The Edge Malaysia
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