Zetrix AI Bhd has agreed with IPVG Employees, Inc. to further extend the completion timeframe for its proposed acquisition to the end of the fourth quarter of 2026.
In a filing with Bursa Malaysia, Zetrix AI said both parties mutually agreed on Sept 30 to extend the deadline, or to such other date as may subsequently be agreed in writing.
The company said the extension is mainly to allow additional time for the parties to satisfy a condition precedent under the share purchase agreement.
Apart from the revised completion timeframe, all other terms and conditions of the agreement remain unchanged.
Zetrix AI had previously announced the transaction on Sept 4 and Sept 9.
The company said it will make further announcements upon completion of the proposed acquisition or if there are any material developments relating to the transaction.
