THE BEST SIDE OF FUSIONEX

The best Side of fusionex

The best Side of fusionex

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But a clear photograph emerges from your unusually in-depth winding up petition filed by Hitachi, viewed by DNA, where by Hitachi chronologically lists a number of actions by Ivan and his Management group about a 15-thirty day period period which is sweeping and amazing in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.

There exists current market chat that Ivan has an curiosity in the organization Whilst his title doesn't show up being a shareholder or director and someone aware of V-Circle tells DNA that Ivan has little interest in the corporation.

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Hitachi positioned 5 of its executives as non-govt directors over the board with Ivan and his CFO, Chen Chiang as govt directors.

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“We felt that Fusionex shares precisely the same philosophy and manner of functions with us. That's why Fusionex is our decision as a solution supplier to the loyalty technique. It truly is our character to search for a associate that we can do the job with Eventually And that i believe Fusionex definitely matches the Invoice.”

"Similar to our IPO not currently being the end of the corporation’s journey then, the proposed delisting of Fusionex is simply the beginning of a fresh chapter in to the story of the corporation as well as the rise of a brand new starting," next page he tells DNA in an job interview.

These was Hitachi’s self-confidence in Ivan that it left him and his administration group entirely in charge of running FusioTech Holdings, the new business founded submit its acquisition.

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Before my gaining access to the Hitachi winding up petition papers, I'd spent Just about two months asking marketplace players, recent and previous Fusionex staff members about what might have long gone Improper but with hardly any mild on what might have prompted this drastic final decision by Hitachi.

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Still, this was plenty of for Hitachi’s lawyers to realise the ‘Govt Directive’ was just a common check my source letter reminding the recipients to workout warning and steer clear of breaching any guidelines in relation into the disclosure of knowledge to third parties and foreigners.

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