World · Malaysia Bureau
Zetrix denies connection to Saravanan case amid share price slide
The company formerly known as MyEG has distanced itself from speculation linking it to a high-profile legal matter, as its stock price experienced a sharp decline in early trading.
LSN Malaysia ·
Zetrix has moved to clarify its position following market rumours that have rattled investor confidence in the listed company. The firm, which rebranded from MyEG, stated that conjecture connecting it to the M Saravanan case may have contributed to the sudden drop in its share price during early market trading.
The company's statement comes as speculation surrounding the case has circulated among investors and market observers, prompting concerns about potential corporate exposure. Zetrix has sought to reassure the market that it has no material connection to the matter.
The sharp sell-off in Zetrix shares underscores investor sensitivity to reputational risks and corporate governance concerns. The company's clarification represents an attempt to stem further losses and restore market confidence amid the trading volatility.
Market analysts will be monitoring Zetrix's share performance in the coming sessions to gauge the effectiveness of the company's denial and whether sentiment can stabilise following the clarification.