5 Easy Facts About fusionex Described
5 Easy Facts About fusionex Described
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The winding up petition in opposition to the Fusionex Group of companies remain pending ahead of the court docket and While using the Court docket Listening to the petition in May possibly 2024.
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For Teh, the principle driver for these kinds of shift is his perception that Fusionex has actually been undervalued for a very long time available on the market.
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Hitachi court docket petition to wind up Fusionex, expose grim photo of alleged unethical and irresponsible perform by Ivan Teh and his senior leadership
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An ecosystem leader knowledgeable about the contents of Hitachi’s winding up petition didn't mince his impression of your alleged conduct by Ivan and his leadership workforce.
But this request by the house owners of the corporation and its appointed directors and audit committee was denied by Ivan, all over the pretext of some “federal government directive” that prevented him from sharing financial information sought by Hitachi in a corporation they owned, 100%.
The administration group and the CEO owe a fiduciary duty for the Board and can't withhold any data requested because of the Board,” he explained.
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