About fusionex

About fusionex

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The purpose was to extend, receive and protected new client bases, technologies and expertise utilising the sources that Fusionex had cultivated from the Asian area.

This shift will strongly enhance, receive and protected new customer bases, technologies and experience that Fusionex has cultivated in the Asian region

About us Fusionex is a global, multi-award successful knowledge technological know-how service provider with a powerful all over the world existence. Fusionex will work with quite a few fortune 500 consumers in America, Europe as well as the Asia Pacific location, bringing impressive and breakthrough Suggestions and remedies to its clientele.

“You will discover truths, 50 % truths and some untruths of the varied views and speculations available. I'd claim that we give Ivan some Room and once the dust settles, We are going to know a lot more,” mentioned the executive.

The senior management departed the corporate abruptly, leaving Hitachi with no formal handover of management and functions. This departure integrated an absence of sharing facts concerning the continuity of Fusionex's operation and enterprise throughout their exit.”

Hitachi’s lawyers had been also not provided a copy with the directive and were being only allowed to check out it devoid of using any notes all through a gathering between The 2 sides in KL on 23 Nov.

Very, Hitachi explained hop over to here cabinets while in the finance department “appeared to happen to be emptied out” Along with the economic documents and management accounts with the Fusionex Team and Fusiotech Holdings nowhere to get identified, aside from the balance sheet and consolidated statement of economic position as at 30.9.2023.  

  The winding up petition versus the Fusionex Group of corporations are still pending ahead of the courtroom and Together with the Court hearing the petition in May possibly 2024.

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Despite the expansion, the company's stock has remained largely flattish over the past 15 months (with the exception of the the latest tumble).   

An govt from your company tells DNA, “We wish to wait around For additional clarity on what definitely occurred at Fusionex before you make any decisions of guidance.”

Naturally, you will find other choice means to delisting from Purpose, like getting rid of the nominated advisor of the corporate and not employing a completely new a single.

I'm anxious that the steps with the Fusiotech administration team could have further repercussions for that ecosystem Particularly foreign investors and potential acquirers of Malaysian startups.”

Hitachi court petition to wind up Fusionex, expose grim photograph of alleged unethical and irresponsible carry out by Ivan Teh and his senior leadership