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Furthermore, all facts associated with the continuity of your Fusionex functions and enterprise wasn't shared in advance of or handed above during their departure,” mentioned the documents.

"We imagine the business's stocks are definitely undervalued and we consider it can perform way far better," stated Teh.

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

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He went on to add, “It is absolutely nonsensical to point out that there's a so called government directive to withhold facts from overseas nationals and that this applies to foreigners that are on the board. There's no such browse around this site point and it can be basically an excuse to withhold data in the Board.”

“You'll find truths, half truths and some untruths of the various views and speculations available. I might declare that we give Ivan some Room and when the dust settles, we will know much more,” claimed the executive.

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As an alternative, Hitachi went to terrific lengths in its courtroom papers to update the court with good depth of element of each of the irregularities and alleged wrongdoings that happened.”

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The ecosystem leader goes on to mention, “The Petition is highly harmful to your administration staff who have a obligation to explain themselves.

It is thought that other ex-Fusionex executives have also been reaching out to essential governing administration and private sector clientele in addition, assuring them of assist although It's not necessarily clear through which business.