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“Only then we will find out the cause of the investigation. Anything at this time of your time is highly speculative till the investigation is complete.

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Before my gaining access to the Hitachi winding up petition papers, I had invested Just about two months asking marketplace gamers, existing and earlier Fusionex team about what could have long gone Improper but with hardly any light on what might have prompted this drastic selection by Hitachi.

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It remains to be noticed if Ivan will arrive out and defend himself and his name versus the harming contents of Hitachi’s petition. Any long run he hopes to own of continue to remaining a vital Section of Malaysia’s tech ecosystem will rely upon this.

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He went on to add, “It is totally nonsensical to condition that there is a so referred to as federal government directive to withhold info from international nationals and that this is applicable to foreigners that are within the board. There is absolutely no this kind of factor and it's basically an justification to withhold information and facts from your Board.”

Hitachi put five of its executives as non-govt administrators on the board with Ivan and his CFO, Chen Chiang as government administrators.

An executive from your company tells DNA, “We additional reading wish to hold out for more clarity on what genuinely took place at Fusionex prior to making any selections of assistance.”

But, aiming to assist solve The difficulty, Hitachi set out some pre-ailments for Ivan to obtain funding from it, which included:

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