It remains to become observed if Ivan will arrive out and protect himself and his standing towards the harmful contents of Hitachi’s petition. Any upcoming he hopes to have of however becoming a key Element of Malaysia’s tech ecosystem will rely upon this.

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This started a number of back and forth between Ivan and Hitachi, outlined in its petition, during which Hitachi planned to exercising its legal rights as owners of Fusionex and with Ivan and his leadership crew giving several causes to obstruct this, chief of which was a purported ‘govt directive’ that prevented Ivan from sharing sensitive info with overseas parties.

“Only then we will find out the reason for the investigation. Anything at all at this time of your time is extremely speculative right until the investigation is total.

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Also, all details concerning the continuity on the Fusionex functions and enterprise wasn't shared prior to or handed in excess of all through their departure,” stated the files.

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"He read more signed an irrevocable declaration to vote in favour on the delisting," reported the resource, who declined to be name mainly because of the sensitivity of the knowledge. 

Extremely, Hitachi explained cabinets within the finance Section “appeared to have already been emptied out” Using the financial documents and management accounts of your Fusionex Group and Fusiotech Holdings nowhere being discovered, apart from the equilibrium sheet and consolidated statement of monetary placement as at thirty.nine.2023.  

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"It would seem which the modern incidents might be induced by some occasion which wants to stop the delisting from occurring, and likewise to take advantage of the share rate tumbling," instructed the source.  

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