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  Hitachi's Sophisticated electronic solutions, solutions, and technologies for turning data into insights to travel digital innovation

The objective was to improve, get hold of and safe new client bases, systems and experience utilising the methods that Fusionex had cultivated in the Asian location.

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The catalyst for The existing predicament commenced when Hitachi, as Section of its threat management and corporate governance exactly where it conducts an interior audit of its subsidiaries each individual three several years, gave Ivan recognize in Aug 2022 that it meant to do an audit on Fusionex Group and Fusiotech Holdings in March 2023.

  The winding up petition versus the Fusionex Group of businesses remain pending prior to the court and with the Courtroom Listening to the petition in May perhaps 2024.

Rather, Hitachi went to excellent lengths in its court docket papers to update the court with good depth of element of all the irregularities and alleged wrongdoings that happened.”

Hitachi court docket petition to wind up Fusionex, reveal grim picture of alleged unethical and irresponsible perform by Ivan Teh and his senior leadership

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Furthermore, all information and facts associated with the continuity of your Fusionex functions and business enterprise wasn't shared in advance of or handed more than all through their departure,” mentioned the paperwork.

Hitachi discovered, to hop over to here their shock, that from Sept to Nov, at least one hundred ten staff had both resigned or been retrenched. The directors weren't educated of the meaningful problem.

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