Latest news with #MyEGServicesBhd
The Star
15-07-2025
- Business
- The Star
Zetrix AI, directors seek judicial review of Bursa reprimand
KUALA LUMPUR: Zetrix AI Bhd, formerly known as MyEG Services Bhd , and its board of directors will be seeking a judicial review of the stock exchange's public reprimand for breaches to the company's listing requirements, it said in a stock exchange filing today. The Main Market-listed company and seven of its directors were yesterday publicly reprimanded by Bursa Malaysia for its failure to ensure several of its announcements were factual, accurate, and not false or misleading. The company was also found to have breached a directive by failing to comply with Bursa Malaysia Securities' instruction dated Aug 15, 2023, to issue an immediate clarification on an earlier announcement made on July 7, 2023. The clarification was due by Aug 16, 2023. Seven directors – 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 – were each fined RM150,000. "Further announcements on any material development will be made as and when it is appropriate and/or necessary," said the company in its filing. Trading in the securities of Zetrix AI has been halted from 9am to 10am today in light of the announcement. The stock was last traded at 98.5 sen a share yesterday.
New Straits Times
04-07-2025
- Business
- New Straits Times
Bursa's technology index driven by renewed buying interest
KUALA LUMPUR: Bursa Malaysia Technology Index outshines its peers on Thursday, with four component stocks ranking among the most active on the exchange. Driven by renewed buying interest following the United States-Vietnam trade agreement, the index rose 2.1 points or 4.04 per cent to close at 54.13 from Wednesday's close of 52.03. Trading volume soared over 333 million units, reaching its highest level in seven weeks. The index, comprising 49 component stocks, has climbed 11 per cent since June 23, although it remains down 16.9 per cent year-to-date. Zetrix AI Bhd, formerly known as MyEG Services Bhd, led the most active board with more than 68 million shares traded. The stock gained one sen or one per cent to 97.5 sen from the previous close of 96.5 sen, lifting its market capitalisation to RM7.43 billion. The other three high-volume tech stocks were NexG Bhd, Dagang Nexchange Bhd (DNeX) and Inari Amertron Bhd, which saw trading volumes ranging from 28.5 million to 56 million units. NexG rose one sen or 2.6 per cent to 39 sen, DNeX climbed one sen or 3.4 per cent to 30 sen and Inari edged up 15 sen or 7.5 per cent to RM2.15. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the index was driven by robust buying interest in semiconductor and electronics-related counters, in line with the tech-led gains on Wall Street. "While the deal spares Vietnam from the most severe trade penalties, it reflects a more fragmented and protectionist global trade landscape. "While domestic market breadth remains constructive and foreign participation encouraging, the external environment continues to evolve. "Investors are advised to remain vigilant as global trade dynamics, monetary policy signals and geopolitical tensions continue to shape the near-term outlook," he added. According to Reuters, US President Donald Trump announced that Washington would impose a lower-than-expected 20 per cent tariff on a range of Vietnamese exports. He also revealed that trans-shipments from third countries routed through Vietnam would be subject to a higher 40 per cent tariff, while Vietnamese imports of US goods would enjoy a zero per cent tariff. The announcement lifted sentiment across regional markets. Vietnam's benchmark index climbed 0.6 per cent to its highest level since April 2022, while Singapore's market edged up 0.2 per cent and Thailand's stocks gained 0.9 per cent.
New Straits Times
30-06-2025
- Business
- New Straits Times
MyEG to rebrand as Zetrix AI on July 3
KUALA LUMPUR: MyEG Services Bhd has announced that it will change its name to Zetrix AI Bhd, effective 9am on July 3. In a filing to Bursa Malaysia, the company said its stock short name will also change from MYEG to ZETRIX. "The company's stock code remains unchanged," it added. MyEG, a digital services provider, is the concessionaire for the Malaysia Electronic-Government MSC Flagship Application, responsible for building, operating and managing the online platform that delivers services from various government agencies to citizens and businesses. MyEG share price closed one sen or 1.06 per cent higher to 95 sen, valuing the company at RM7.35 billion.
The Star
30-06-2025
- Business
- The Star
MyEG changes name to Zetrix AI effective July 3
KUALA LUMPUR: MyEG Services Bhd (MyEG) today announced its name change to Zetrix AI Bhd effective 9 am, July 3 (Thursday). In a filing with Bursa Malaysia, the company said its stock short names would be changed from MYEG to ZETRIX "The stock number remains unchanged,' it added. MyEG is a concessionaire for the Malaysia Electronic-Government MSC Flagship Application, builds, operates and owns the electronic channel to deliver services from various government agencies to Malaysian citizens and businesses. - Bernama
The Sun
30-06-2025
- Business
- The Sun
MyEG rebrands as Zetrix AI effective July 3 in Malaysia
KUALA LUMPUR: MyEG Services Bhd, a key player in Malaysia's e-government services, will officially rebrand as Zetrix AI Bhd starting 9 am on July 3. The company confirmed the change in a Bursa Malaysia filing, noting that its stock short name will switch from MYEG to ZETRIX. 'The stock number remains unchanged,' the filing stated. MyEG has long been a concessionaire for the Malaysia Electronic-Government MSC Flagship Application, providing digital channels for government services to citizens and businesses. The rebranding to Zetrix AI signals a potential shift in focus, though the company has yet to disclose further details on its future direction.
