ABOUT FUSIONEX

About fusionex

About fusionex

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"Just like our IPO not currently being the top of the organization’s journey then, the proposed delisting of Fusionex is simply the start of a completely new chapter into the story of the organization plus the increase of a new starting," he tells DNA in an interview.

Hitachi was also not mindful of Fusionex Group’s dire financial issue until finally September 2023, when it was educated of a sharp fall in income and the following thirty day period, Teh educated Hitachi of two selections to handle the subject.

“The previous senior management departed the corporation instantly without any form of handover on the management as well as the operations.

  The winding up petition from the Fusionex Group of organizations remain pending ahead of the court docket and While using the Courtroom Listening to the petition in Might 2024.

An ecosystem chief aware of the contents of Hitachi’s winding up petition didn't mince his opinion of the alleged conduct by Ivan and his Management workforce.

It really is thought that other ex-Fusionex executives have also been achieving out to vital govt and private sector purchasers too, assuring them of guidance while it is not very clear through which corporation.

Based on a resource near to Fusionex, a board meeting was held quite a few days in advance of Croft's resignation. The delisting was talked about through the board meeting and Croft evidently accredited it.

intends to wind up. See desk.) also to permit a real and truthful assessment from the income and loss accounts and harmony sheets.”

Hitachi court petition to wind up Fusionex, reveal you can check here grim image of alleged unethical and irresponsible carry out by Ivan Teh and his senior leadership

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But, aiming to assist resolve The problem, Hitachi set out some pre-problems for Ivan to get funding from it, which provided:

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