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But the dust is not about to decide on this Tale as Ivan and his senior execs who still left quickly are hoping for. Not when the answer to Hitachi’s drastic winding up software is laid bare from the in-depth court submission.
Moreover, all details referring to the continuity in the Fusionex operations and company wasn't shared ahead of or handed more than for the duration of their departure,” mentioned the documents.
From the surface degree, plainly minority shareholders and main shareholders like Teh are the biggest casulties.
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Hitachi placed five of its executives as non-govt administrators within the board with Ivan and his CFO, Chen Chiang as government directors.
“Only then we will discover out the cause of the investigation. Something at this point of time is extremely speculative until finally the investigation is full.
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"He signed an irrevocable declaration to vote in favour on the delisting," reported the source, who declined being title as a result of sensitivity of the knowledge.
The administration crew as well as the CEO owe a fiduciary responsibility towards the Board and can't withhold any data asked for because of the Board,” he mentioned.
Hitachi’s legal professionals had been also not specified a duplicate from the directive and had been only permitted to see it without the need of using any notes during a meeting involving The 2 sides in KL on 23 Nov.
Fusionex is the sole ASEAN-centered organization to be featured in both equally reviews, cementing its credentials in the information engineering market for this area.