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Asked by DNA if Hitachi was making ready to seek legal motion towards the directors and management staff of Fusionex for failing to perform their fiduciary responsibilities, a Hitachi Japan spokesperson mentioned, “Next regular legal techniques, When the winding up order is granted via the Courtroom, a liquidator are going to be appointed to just take in excess of operations during the winding down process. Any potential authorized action would need to be regarded from the appointed liquidator.”

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“The earlier senior administration departed the organization straight away with none sort of handover in the management along with the operations.

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Hitachi discovered, for their shock, that from Sept to Nov, a minimum of one hundred ten team had possibly resigned or been retrenched. The directors were not informed of the meaningful predicament.

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An ecosystem leader familiar with the contents of Hitachi’s winding up petition didn't mince his view of the alleged behaviour by Ivan and his leadership workforce.

For Teh, the key driver for these kinds of go is his perception that Fusionex has actually been undervalued for some time available.