Inside Zetrix's Stock Collapse & RM2B Sukuk Risk

Zetrix AI Founder Wong Thean Soon’s stake collapse below 2% has breached a covenant on its RM2 billion Sukuk. So what happens next?

Emmanuel Samarathisa, founder of The Malaysianist, joins The Morning Run to trace the four-step downfall of Zetrix, from market rumours that wiped out billions in capitalisation to systemic margin calls.

He highlights three critical areas demanding greater scrutiny, and addresses a critical question: who, if anyone, ultimately takes control of a listed concession holder with no controlling owner left?

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