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"Much like our IPO not getting the tip of the company’s journey then, the proposed delisting of Fusionex is just the start of a different chapter into your Tale of the organization plus the rise of a completely new commencing," he tells DNA in an job interview.

He went on to include, “It is completely nonsensical to point out that there's a so referred to as governing administration directive to withhold information and facts from overseas nationals Which this is applicable to foreigners who will be about the board. There is no this sort of detail and it's basically an excuse to withhold information and facts in the Board.”

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Btw, this non-cooperation also included a senior secretary who refused to deliver The brand new CEO, Hiroyuki Kumazaki, With all the mobile numbers of many of the senior Management staff and who originally refused handy over her company laptop to him. And when she did, it was discovered to happen to be wiped clean (reformatted to erase all previous details.)

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“This decision stems in the insurmountable difficulties arising with the insufficient handover of documents and data through the past administration, which correctly still left Hitachi with no variety of data relating to the management, functions, and continuity from the organization of Fusionex Team,” he mentioned.

Hitachi courtroom petition to wind up Fusionex, expose grim photograph of alleged unethical and irresponsible perform by Ivan Teh and his senior Management

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A couple of days later on the inhouse legal counsel for Fusionex confirmed Hitachi’s legal professionals a replica of An additional ‘govt directive’ dated 27 Nov which purported to prohibit Fusionex from sharing any info Together with the audit committee.

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The target was to extend, get hold of and protected new client bases, technologies and know-how utilising the means that Fusionex had cultivated inside the Asian region.

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