The goal was to increase, get hold of and protected new buyer bases, technologies and experience utilising the assets that Fusionex experienced cultivated from the Asian region.

It is believed that other ex-Fusionex executives have also been achieving out to critical authorities and personal sector customers likewise, assuring them of help though It's not necessarily distinct by which company.

An ecosystem leader familiar with the contents of Hitachi’s winding up petition did not mince his viewpoint in the alleged conduct by Ivan and his Management team.

“This determination stems with the insurmountable problems arising within the insufficient handover of documents and data with the earlier management, which properly still left Hitachi without any sort of data concerning the administration, operations, and continuity of your company of Fusionex Team,” he said.

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Suspicious transactions pertaining to V-Circle and Convedge for ‘computer software advancement expenses’ and/or ‘technological know-how expenses’

Incredibly, Hitachi claimed cabinets while in the finance Division “appeared to are already emptied out” Using the money records and management accounts in the Fusionex Team and Fusiotech Holdings nowhere for being observed, aside from the balance sheet and consolidated statement of monetary place as at 30.9.2023.  

It absolutely was not just the motion to end up, even so the information that Ivan and a lot of of his Management team quit their Employment abruptly without the need of serving due discover and did not execute my blog their Expert and fiduciary duties with a correct handover of accessibility and documents.

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Despite the expansion, the corporation's inventory has remained mainly flattish in the last fifteen months (except for the recent tumble).   

These types of was Hitachi’s self-assurance in Ivan that it left him and his administration workforce completely in control of operating FusioTech Holdings, The brand new enterprise recognized article its acquisition.

As of publishing of this text, Ivan hasn't responded to DNA queries to acquire his aspect from the story.

"Much like our IPO not being the tip of the organization’s journey then, the proposed delisting of Fusionex is simply the beginning of a find more completely new chapter to the story of the organization as well as rise of a different beginning," he tells DNA in an job interview.

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