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Based on latest shareholding in Moomoo, CIMB Group Holdings Berhad is the largest shareholder, 6.06%, 2 scenarios here, either CIMB Group decrease shareholding or Wong total direct and indirect shareholding cannot drop less than 6.06%
Indead, sukuk is the biggest risk now, based on the RM 2bil sukuk (23) Details of Covenants (p), it stated the Issuer shall at all times ensure that Mr. Wong Thean Soon shall not sell, transfer or otherwise dispose of his shares in the Issuer (whether by a single transaction or a number of transactions, related or not) resulting in him ceasing to be, either directly or indirectly, the single largest shareholder of the Issuer without the consent of the Sukukholders via an extraordinary resolution; https://www.bondsupermart.com/bsm/sukuk-factsheet/MYBVG2504695
Zetrix started to owe JPJ was **19 May**
FY 2025 Final Dividend was approved in AGM on **24 June**
2Q dividend announcement date on **24 August**
In other words, Zetrix prioritize shareholders over JPJ knowing that the JPJ owing is started to accumulate. Why TS still have to pay dividend while knowing the fact of JPJ owing??
