Inside a published response handed to Ivan about the day of the Conference, Hitachi expressed grave issue around The shortage of communications and transparency by Ivan and his leadership group around the actual character with the monetary problem of Fusionex.
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Hitachi court petition to wind up Fusionex, expose grim image of alleged unethical and irresponsible perform by Ivan Teh and his senior leadership
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Rather, While using the courtroom currently appointing interim liquidators from Deloitte Restructuring Services PLT on 27 Dec, agreeing with Hitachi’s argument that the dire condition Fusionex faces demands urgency, the panic is the fact Fusionex will stop to exist, with the one remnants becoming its billboards round the Klang Valley, ready to get taken down in addition.
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As outlined by a highly trained law firm accustomed to liquidation issues, “Hitachi, as the only real shareholder, could have saved its here are the findings winding up petition in a essential and superficial degree.
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