About fusionex
About fusionex
Blog Article
But a clear picture emerges within the unusually specific winding up petition filed by Hitachi, seen by DNA, wherever Hitachi chronologically lists a series of steps by Ivan and his Management staff about a 15-thirty day period period that is definitely sweeping and spectacular in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.
The Court docket has also tasked the interim liquidators with the Fusionex Group of organizations to challenge a report to the standing from the company and money affairs of the companies. It really is hoped that such a report may also shed some light-weight about the state of Fusionex.
For inquiries associated with this concept be sure to Get in touch with our support staff and supply the reference ID down below.
A couple of days later on the inhouse lawful counsel for Fusionex showed Hitachi’s attorneys a duplicate of One more ‘government directive’ dated 27 Nov which purported to prohibit Fusionex from sharing any details Along with the audit committee.
As of publishing of this article, Ivan hasn't responded to DNA queries to acquire his side from the Tale.
“In essence the business is winding down. There lots of people who find themselves fearful Using the uncertainty. Given their competencies and their profile, most would've no difficulty acquiring a task soon, that’s my guess,” said the employee.
There may be market place speak that Ivan has an fascination in the corporation Though his title isn't going to seem to be a shareholder or director and an individual aware of V-Circle tells DNA that Ivan has little interest in the corporation.
However the dust is not really about to settle on this Tale as Ivan and his senior execs who left instantly are hoping for. Not when the answer to Hitachi’s drastic winding up software is laid bare within the detailed courtroom submission.
Regardless of the expansion, the organization's inventory has remained mainly flattish over the past fifteen months (apart from the current tumble).
Data contained In this particular news release is current as of your day from the push announcement, but may very well be issue to alter with no prior observe.
In the meantime DNA has learnt that a former Fusionex project supervisor click to find out more for a major federal government account has attained out to The federal government company to reassure them that their Fusionex developed and run System will be taken care of and held working smoothly article Fusionex.
It is also not regarded click here to read if Hitachi has reached out to any buyers to support them, however this kind of efforts are Obviously handicapped by it not recognizing who Fusionex’s clients even are outside of the massive ones in which the agreement wins were accompanied by media releases.
It truly is believed that other ex-Fusionex executives have also been achieving out to essential authorities and personal sector consumers too, assuring them of support although It's not clear by which company.
This celebration served as being a platform for impactful knowledge sharing, equipping attendees with worthwhile tools to navigate the evolving small business landscape. With each other, SME leaders embraced the transformative probable of electronic techniques, paving how for a foreseeable future marked by results and adaptive resilience. #Fusionex #FusionexGroup #SMEMalaysia #Digitalization #FutureProofBusiness