It had been not simply the motion to end up, even so the news that Ivan and many of his leadership group Stop their jobs abruptly with no serving owing notice and didn't execute their professional and fiduciary duties with a proper handover of entry and files.

Btw, this non-cooperation also included a senior secretary who refused to deliver the new CEO, Hiroyuki Kumazaki, While using the mobile numbers of all of the senior Management staff and who in the beginning refused to hand more than her organization laptop computer to him. And when she did, it absolutely was uncovered to are actually wiped clean (reformatted to erase all past details.)

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It's also not acknowledged if Hitachi has reached out to any clients to assist them, although this sort of initiatives are Plainly handicapped by it not understanding who Fusionex’s shoppers even are further than the massive types exactly where the agreement wins were being accompanied by media releases.

However the dust is not really about to choose this Tale as Ivan and his senior execs who still left out of the blue are hoping for. Not when The solution to Hitachi’s drastic winding up application is laid bare in the in depth court docket submission.

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Rather, Using the court docket previously appointing interim liquidators from Deloitte Restructuring Expert services PLT on 27 Dec, agreeing with Hitachi’s argument the dire situation Fusionex faces calls for urgency, the dread is usually that Fusionex will cease to exist, with the only real remnants currently being its billboards around the Klang Valley, waiting around being taken down too.

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“The earlier senior administration departed the corporate instantly without any sort of handover from the administration and also the operations.

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