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“The former senior management departed the company straight away with no kind of handover with the management and the functions.

Though the dust is not about to decide on this story as Ivan and his senior execs who remaining all of a sudden are hoping for. Not when The solution to Hitachi’s drastic winding up application is laid bare in the in-depth courtroom submission.

It absolutely was not only the movement to wind up, though the news that Ivan and a lot of of his leadership workforce Give up their Work abruptly without serving thanks recognize and didn't execute their Expert and fiduciary duties with a suitable handover of access and paperwork.

But this ask for with the owners of the business and its appointed directors and audit committee was denied by Ivan, all on the pretext of some “government directive” that prevented him from sharing fiscal data sought by Hitachi in a corporation they owned, 100%.

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Hitachi court petition to end up Fusionex, expose grim image of alleged unethical and irresponsible conduct by Ivan Teh and his senior Management

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Using this strategic move, Hitachi acquired electronic Completely ready methods which include facts scientists along with competitive AI and information analytics applications that have been adopted by many shoppers, SaaS platform which supplies billing and authentication features, and enterprise know-how which enables to acquire and keep clients.

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Since it was outlined on Purpose, and excluding the global business tech players, Fusionex has developed into on the list of larger sized major details alternatives companies in Asia. Its clientele has also amplified greatly.

Teh hopes to receive present shareholders aid for this proposed training. He believes that anyone who has the corporation’s passions at coronary heart would realize The explanations for your delisting. 

The target was to enhance, attain and protected new purchaser bases, technologies and skills utilising the means that Fusionex had cultivated in the Asian location.

intends to wind up. that site See table.) and to allow a true and honest assessment from the earnings and reduction accounts and balance sheets.”