Not known Facts About fusionex
Not known Facts About fusionex
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The senior management departed the company abruptly, leaving Hitachi with out a official handover of management and operations. This departure provided a lack of sharing information and facts regarding the continuity of Fusionex's operation and business throughout their exit.”
In keeping with a source near Fusionex, a board Conference was held many days ahead of Croft's resignation. The delisting was discussed over the board Conference and Croft evidently accredited it.
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The goal was to extend, obtain and protected new client bases, technologies and abilities utilising the assets that Fusionex had cultivated within the Asian region.
It truly is a surprising drop, without having parallel in Malaysia’s tech history. A lot more so, as Ivan could be the closest detail to currently being the golden boy for Malaysian tech, developing a business to contend inside the company tech Place towards global tech players.
Although the dust isn't going to choose this Tale as Ivan and his senior execs who remaining all of a sudden are hoping for. Not when the answer to Hitachi’s drastic winding up software is laid bare while in the in depth court docket submission.
But this request via the homeowners of the business and its appointed directors and audit committee was denied by Ivan, all to the pretext of some “federal government directive” that prevented him from sharing money details sought by Hitachi in a corporation they owned, 100%.
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As of publishing of this article, Ivan has not responded to DNA queries to receive his side of the story.
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There is marketplace speak that Ivan has an interest in the company although his name doesn't appear as a shareholder or director and anyone informed about V-Circle tells DNA that Ivan has no real interest in the business.
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