A lot of expressed shock and disbelief that not simply Ivan, but customers of his Management team could behave in such an unprofessional, unethical and irresponsible way. “If That is correct, and I honestly locate it not easy to believe, then they've opened by themselves to authorized motion from Hitachi and in some cases probable censure within the Qualified bodies These are members of,” claimed 1 tech ecosystem leader with a solid corporate track record.

intends to wind up. See desk.) and also to permit a true and truthful evaluation with the income and loss accounts and balance sheets.”

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An ecosystem chief accustomed to the contents of Hitachi’s winding up petition didn't mince his viewpoint with the alleged conduct by Ivan and his leadership staff.

But a clear image emerges with the unusually comprehensive winding up petition filed by Hitachi, considered by DNA, in which Hitachi chronologically lists a number of steps by Ivan and his Management group in excess of a 15-month period of time that is sweeping and breathtaking in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.

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

Furthermore, all data associated with the continuity on the Fusionex operations and business enterprise wasn't shared right before or handed over in the course of their departure,” stated the files.

This started off a number of forwards and backwards among Ivan and Hitachi, outlined in its petition, where Hitachi planned to exercise its legal legal rights as entrepreneurs of Fusionex and with Ivan and find more info his Management crew offering several explanations to obstruct this, Main of which was a purported ‘govt directive’ that prevented Ivan from sharing sensitive info with foreign get-togethers.

It is additionally not known if Hitachi has arrived at out to any shoppers to guidance them, however these kinds of attempts are Evidently handicapped by it not figuring out who Fusionex’s shoppers even are outside of the big kinds wherever the contract wins were being accompanied by media releases.

It remains to be found if Ivan will arrive out and defend himself and his track record versus the detrimental contents of Hitachi’s petition. Any foreseeable future he hopes to possess of still remaining a critical Section of Malaysia’s tech ecosystem will depend on this.

This kind of was Hitachi’s self esteem in Ivan that it left him and his management staff entirely answerable for operating FusioTech Holdings, the new corporation set up put up its acquisition.

SME Malaysia countrywide president Ding Hong Sing said digital transformation is much more significant than previously and it is an integral Section of how SMEs can optimise their enterprises and contribute to The expansion on the country's economy. 

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