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In the floor degree, plainly minority shareholders and key shareholders like Teh are the largest casulties.
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The senior administration departed the business abruptly, leaving Hitachi and not using a formal handover of administration and operations. This departure incorporated a lack of sharing information and facts regarding the continuity of Fusionex's operation and business enterprise throughout their exit.”
Within a prepared reaction handed to Ivan about the day with the meeting, Hitachi expressed grave concern around the lack of communications and transparency by Ivan and his leadership staff around the actual mother nature of your monetary problem of Fusionex.
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It is a shocking fall, with no parallel in Malaysia’s tech heritage. Far more so, as Ivan could be the closest point to becoming the golden boy for Malaysian tech, building a corporation to contend inside the company tech Room versus world-wide tech gamers.
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