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Hitachi courtroom petition to end up Fusionex, reveal grim photograph of alleged unethical and irresponsible perform by Ivan Teh and his senior Management

The aim was to increase, get hold of and secure new shopper bases, systems and know-how utilising the means that Fusionex had cultivated while in the Asian area.

In the end, as said by Hitachi in its winding up papers, Fusionex was “possibly within the zone of insolvency” and “unable to continue carrying on its small business in its recent point out.”

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Inside of a written reaction handed to Ivan on the day in the Conference, Hitachi expressed grave problem above The dearth of communications and transparency by Ivan and his leadership group more than the actual mother nature of your economic condition of Fusionex.

Hitachi’s lawyers have been also not supplied a duplicate in the directive and ended up only allowed to check out it without taking any notes in the course of a gathering amongst the two sides in KL on 23 Nov.

“We’ve been seeking a way of comprehension the information we have been capturing within the equipment. Fusionex’s try this web-site software [GIANT] puts the info into graphs and allows us to discover immediate traits and current it to consumers in a method they recognize.”

The administration team plus the CEO owe a fiduciary obligation on the Board and can't withhold any information and facts asked for with the Board,” he mentioned.

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