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According to a qualified law firm familiar with liquidation matters, “Hitachi, as the only shareholder, might have retained its winding up petition in a primary and superficial level.
An ecosystem leader acquainted with the contents of Hitachi’s winding up petition did not mince his impression with the alleged behaviour by Ivan and his Management team.
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There may be market speak that Ivan has an interest in the corporation While his name will not look as being a shareholder or director and a person familiar with V-Circle tells DNA that Ivan has no real interest in the corporation.
Several expressed shock and disbelief that not only Ivan, but associates of his leadership check group could behave in these kinds of an unprofessional, unethical and irresponsible method. “If This can be correct, and I honestly locate it difficult to think, then they have opened them selves to authorized action from Hitachi and also feasible censure from the Experienced bodies These are users of,” reported just one tech ecosystem leader with a robust corporate history.
It continues to be for being seen if Ivan will arrive out and protect himself and his standing towards the detrimental contents of Hitachi’s petition. Any potential he hopes to acquire of nevertheless becoming a key Section of Malaysia’s tech ecosystem will count on this.
Regardless of the development, the company's inventory has remained largely flattish over the past 15 months (with the exception of the the latest tumble).
Btw, this non-cooperation also included a senior secretary who refused to deliver the new CEO, Hiroyuki Kumazaki, Together with the mobile numbers of all of the senior Management crew and who at first refused handy above her company laptop computer to him. And when she did, it had been identified to have already been cleaned (reformatted to erase read what he said all prior details.)
A Hitachi Japan spokesperson told DNA that Hitachi had no option but to close the organization down, describing it given that the “most careful study course of motion to proactively take care of and minimise the effects to everyone involved.