FUSIONEX NO FURTHER A MYSTERY

fusionex No Further a Mystery

fusionex No Further a Mystery

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Suspicious transactions pertaining to V-Circle and Convedge for ‘software package development prices’ and/or ‘technological know-how expenses’

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It's a stunning fall, with out parallel in Malaysia’s tech history. Additional so, as Ivan could be the closest point to remaining the golden boy for Malaysian tech, building a enterprise to compete during the organization tech Place towards world wide tech players.

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"Much like our IPO not becoming the end of the organization’s journey then, the proposed delisting of Fusionex is just the beginning of a completely new chapter into the Tale of the corporation and also the rise of a whole new starting," he tells DNA within an interview.

But a transparent image emerges within the unusually detailed winding up petition submitted by Hitachi, considered by DNA, where by Hitachi chronologically lists a number of steps by Ivan and his leadership group about a fifteen-thirty day period time period that is certainly sweeping and breathtaking in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.

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“The past senior administration departed the company straight away without any form of handover from the management along with the functions.

The objective was to improve, image source obtain and secure new consumer bases, systems and knowledge utilising the means that Fusionex had cultivated inside the Asian region.

"It would seem that the current incidents can be brought on by some social gathering which wishes to prevent the delisting from happening, as well as to take pleasure in the share cost tumbling," prompt the resource.  

An ecosystem leader knowledgeable about the contents of Hitachi’s winding up petition didn't mince Get the facts his impression from the alleged conduct by Ivan and his Management group.

The catalyst for The existing circumstance started out when Hitachi, as Section of its you can find out more chance management and corporate governance where by it conducts an interior audit of its subsidiaries each three many years, gave Ivan discover in Aug 2022 that it meant to do an audit on Fusionex Group and Fusiotech Holdings in March 2023.

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