In 2017, Fusionex withdrew the listing of its shares from London Stock Exchange AIM to become A non-public firm, below 5 years after its oversubscribed Preliminary community featuring.
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It is actually a shocking slide, without having parallel in Malaysia’s tech heritage. A lot more so, as Ivan will be the closest issue to currently being the golden boy for Malaysian tech, building a corporation to compete during the company tech House from international tech gamers.
“Only then we will find out the reason for the investigation. Something at this stage of time is extremely speculative right until the investigation is finish.
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"He signed an irrevocable declaration to vote in favour on the delisting," stated the supply, who declined to be identify due to the sensitivity of the knowledge.
These types of was Hitachi’s self-assurance in Ivan that it still left him and his administration staff totally answerable for functioning FusioTech Holdings, The brand new firm established publish its acquisition.
There may be current market speak that Ivan has an desire in the corporation although his name won't show up like a shareholder or director and an individual knowledgeable about V-Circle tells DNA that Ivan has no interest in the corporate.
"Just like our IPO not being the end of the organization’s journey then, the proposed delisting of Fusionex is simply the beginning of a fresh chapter in the Tale of the corporate along with the increase of a completely new commencing," he tells DNA in an job interview.
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