The Court has also tasked the interim liquidators with the Fusionex Group of providers to difficulty a report on the position from the organization and economic affairs of the businesses. It truly is hoped that such a report will likely shed some light-weight over the state of Fusionex.
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In 2017, Fusionex withdrew the listing of its shares from London Stock Exchange AIM for being A personal company, under 5 years after its oversubscribed Original general public offering.
Hitachi court petition to wind up Fusionex, Web Site expose grim image of alleged unethical and irresponsible perform by Ivan Teh and his senior leadership
They've got gone to courtroom nevertheless it should go through a Listening to before anything requires put. So I’m unsure if go right here the Listening to will occur. All this is finished by Hitachi’s legal professionals.”
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A few days later on the inhouse authorized counsel for Fusionex confirmed Hitachi’s legal professionals a replica of An additional ‘federal government directive’ dated 27 Nov which purported to prohibit Fusionex from sharing any knowledge Along with the audit committee.
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