5 Simple Techniques For fusionex
5 Simple Techniques For fusionex
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It is a surprising fall, with out parallel in Malaysia’s tech record. Extra so, as Ivan is the closest factor to being the golden boy for Malaysian tech, developing a firm to compete during the company tech space versus world wide tech gamers.
Despite the development, the corporate's inventory has remained mainly flattish in the last fifteen months (apart from the modern tumble).
It is additionally not recognized if Hitachi has arrived at out to any shoppers to support them, even though these endeavours are Obviously handicapped by it not figuring out who Fusionex’s prospects even are past the large kinds the place the agreement wins ended up accompanied by media releases.
He went on to include, “It is absolutely nonsensical to point out that there is a so known as authorities directive to withhold info from overseas nationals and that this applies to foreigners who are over the board. There isn't any this sort of detail and it truly is just an excuse to withhold facts through the Board.”
Extremely, Hitachi said cupboards inside the finance Office “appeared to are already emptied out” Using the money data and administration accounts in the Fusionex Team and Fusiotech Holdings nowhere to become identified, aside from the equilibrium sheet and consolidated assertion of financial posture as at thirty.9.2023.
But a transparent picture emerges through the unusually detailed winding up petition submitted by Hitachi, seen by DNA, exactly where Hitachi chronologically lists a series of actions by Ivan and his Management crew more than a 15-month period of time that is sweeping and breathtaking in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.
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The Fusionex brand is encouraged with the hexagonal shape of a honeycomb, often generally known as nature’s manifestation of divine harmony. The special form of the hexagon allows it To maximise the quantity of Place nonetheless minimize any hole in any supplied space.
Fusionex is a longtime multi-award winning info know-how supplier that focuses on Analytics, Large Facts, Machine Understanding and Synthetic Intelligence. Our small business is to help consumers handle, sound right of and derive handy insights and information from your wide quantities of structured and unstructured information at their disposal.
“Only then we will discover out the reason for the investigation. Anything at this point of time is very speculative right up until the investigation is entire.
There is certainly current market speak that Ivan has an curiosity in the organization Despite visit the website the fact that his identify doesn't look to be a shareholder or director and a person acquainted with V-Circle tells DNA that Ivan has little interest in the corporation.
As of publishing of this information, Ivan hasn't responded to DNA queries to receive his aspect on the story.
Furthermore, all information regarding the continuity with the Fusionex operations and company wasn't shared right before or handed around through their departure,” stated the files.
intends to end up. See table.) her explanation and to permit a real and fair assessment of the revenue and reduction accounts and harmony sheets.”
Btw, this non-cooperation also integrated a senior secretary who refused to supply The brand new CEO, Hiroyuki Kumazaki, Using the cell numbers of every one of the senior Management workforce and who initially refused to hand above her corporation notebook to him. And when she did, it was observed to happen to be wiped clean (reformatted to erase all earlier facts.)