Hitachi court docket petition to wind up Fusionex, reveal grim image of alleged unethical and irresponsible carry out by Ivan Teh and his senior Management
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Hitachi learned, to their shock, that from Sept to Nov, not less than a hundred and ten team had possibly resigned or been retrenched. The directors weren't informed of this meaningful situation.
I am anxious the actions of the Fusiotech management workforce might have deeper repercussions for the ecosystem Specifically foreign investors and prospective acquirers of Malaysian startups.”
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Very, Hitachi claimed cabinets while in the finance department “appeared to have already been emptied out” With all the financial data and management accounts of the Fusionex Group and Fusiotech Holdings nowhere to generally be located, except for the harmony sheet and consolidated assertion of monetary placement as at 30.9.2023.
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