The fusionex Diaries
The fusionex Diaries
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In addition, all details concerning the continuity from the Fusionex operations and company was not shared ahead of or handed over during their departure,” stated the documents.
Within the surface amount, it appears that evidently minority shareholders and main shareholders like Teh are the most significant casulties.
Though the dust isn't going to decide on this Tale as Ivan and his senior execs who still left suddenly are hoping for. Not when the answer to Hitachi’s drastic winding up software is laid bare during the specific court submission.
It's thought that other ex-Fusionex executives have also been achieving out to essential government and private sector shoppers also, assuring them of assistance while It's not clear through which corporation.
"We're more than happy to get started on dealing with the new firm like a Hitachi subsidiary, for new digital business. Going ahead, We'll aid the fusion of The 2 companies' AI/info analytics systems, SaaS enterprise abilities and human means, and seek out to obtain a strong consumer base in the Asian region. By doing so, we will speed up the global progress of Lumada business and continue to add for the enhancement in the social, environmental, and economic value of shoppers." Statement by Dato' Seri Ivan Teh, go Group CEO of Fusionex International and CEO of The brand new company "We've been very happy to collaborate with Hitachi, a brand name of world repute that we feel will deliver huge value.
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As an alternative, Together with the courtroom presently appointing interim liquidators from Deloitte Restructuring Companies PLT on 27 Dec, agreeing with Hitachi’s argument the dire problem Fusionex faces demands urgency, the worry is Fusionex will cease to exist, with the only real remnants staying its billboards throughout the Klang Valley, waiting around to become taken down as well.
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“The prior senior management departed the company immediately with none sort of handover on the management as well as functions.