Kuala Lumpur:Zetrix AI Bhd emerged as the most active stock in early trading after announcing an additional income tax assessment issued by the Inland Revenue Board (IRB).

According to BERNAMA News Agency, the company's shares slipped by one sen to seven sen at 1001 a.m., with a trading volume of 174.57 million shares. This follows a Bursa Malaysia filing where Zetrix AI disclosed that its wholly owned subsidiary, My EG Sdn Bhd, received a RM353.13 million tax bill from the IRB.

The tax assessment includes RM333.10 million in additional income tax related to transfer pricing and RM20.02 million in deemed interest, along with penalties, covering the assessment years 2021, 2022, and 2023. Zetrix AI has expressed confidence in the strength of its position and has stated its intention to defend itself through legal avenues if required.