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Hitachi courtroom petition to wind up Fusionex, reveal grim photograph of alleged unethical and irresponsible carry out by Ivan Teh and his senior leadership
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“The earlier senior management departed the company straight away without any type of handover from the administration along with the functions.
The winding up petition from the Fusionex Group of companies are still pending prior to the court docket and Using the Court docket hearing the petition in May possibly 2024.
Hitachi’s legal professionals were being also not specified a duplicate of your directive and have been only permitted to watch it devoid of taking any notes all through a meeting amongst The 2 sides in KL on 23 Nov.
There is certainly current market converse that Ivan has an fascination in the business although his name will not look to be a shareholder or director and an individual familiar with V-Circle tells DNA that Ivan has no interest in the organization.
The Ivan in question is Ivan Teh, a extremely highly regarded forty seven-yr-old, comfortable spoken, polite entrepreneur with an intense work ethic who Established Fusionex in Malaysia in 2009 and grew it into considered one of Southeast-Asia’s top analytics and AI providers.
Despite the advancement, the corporation's inventory has remained largely flattish in the last 15 months (with the exception of the new tumble).
intends to end up. See table.) and to enable a true and fair assessment with the gain and loss accounts and equilibrium sheets.”
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