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Zetrix AI’s RM130 Million Philippines Deal Expands Regional Platform Ambitions

Zetrix AI will use cash and 360.57 million new shares to deepen control of its Philippine digital-services platform amid exceptional market volatility.

By TLA AI Editor3 min read

Kuala Lumpur, 2 September 2026 – Zetrix AI Bhd is acquiring 15.25 million shares in MYEG Ventures Inc for RM130 million through a combination of cash and new equity, expanding its exposure to digital-government, blockchain and artificial-intelligence services in the Philippines. The transaction offers regional growth potential but comes after extreme share-price volatility and requires careful scrutiny of dilution and execution.

MYEG Ventures owns 60% of Zetrix associate MYEG Philippines Ltd. The shares will be purchased from Next Lion Ltd, with consideration including 360.57 million new Zetrix AI shares. On completion, the Philippine business is expected to become a subsidiary, giving Zetrix greater control over strategy, revenue and capital allocation.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.