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Hitachi’s legal professionals were being also not supplied a replica on the directive and have been only allowed to perspective it without taking any notes all through a gathering among The 2 sides in KL on 23 Nov.

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Hitachi described this as “shocking” since the customers from the Audit Committee were being also administrators of Fusiotech and should have unrestricted use of its economic information. 

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Hitachi courtroom petition to wind up Fusionex, reveal grim photo of alleged unethical and irresponsible conduct by Ivan Teh and his senior leadership

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Moreover, making use of SaaS company know-how and collaborating with Hitachi's why not check here OT and merchandise corporations, Hitachi will produce new electronic providers, additional penetrate in the acquired shopper bases in Asia and broaden to world wide customers in other regions.

The senior administration departed the corporation abruptly, leaving Hitachi you can try these out without having a formal handover of administration and functions. This departure provided a lack of sharing details concerning the continuity of Fusionex's Procedure and business enterprise throughout their exit.”

You can find industry communicate that Ivan has an interest in the corporate Though his title would not seem for a shareholder or director and a person read this article aware of V-Circle tells DNA that Ivan has little interest in the organization.

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