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  The winding up petition against the Fusionex Group of organizations are still pending prior to the court and Using the Courtroom Listening to the petition in May 2024.

“This final decision stems from your insurmountable worries arising with the insufficient handover of documents and data with the former administration, which efficiently left Hitachi without any variety of data associated with the administration, operations, and continuity on the enterprise of Fusionex Team,” he stated.

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But a clear picture emerges in the unusually in-depth winding up petition submitted by Hitachi, seen by DNA, exactly where Hitachi chronologically lists a number of steps by Ivan and his leadership crew around a fifteen-thirty day period period of time that may be sweeping and breathtaking in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.

Btw, this non-cooperation also included a senior secretary who refused to offer The brand new CEO, Hiroyuki Kumazaki, While using the mobile quantities of every one of the senior Management group and who to begin with refused to hand above her enterprise laptop to him. And when she did, it absolutely was located to happen to be wiped clean (reformatted to my sources erase all earlier information.)

They've got absent to court docket but it has to endure a Listening to prior to nearly anything will take area. So I’m undecided in the event the Listening to will take place. All this is done by Hitachi’s lawyers.”

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A couple of days later on the inhouse authorized counsel for Fusionex showed Hitachi’s attorneys a replica of another ‘authorities directive’ dated 27 Nov which purported to prohibit Fusionex from sharing any info Along with the audit committee.

Teh hopes to receive current shareholders aid for this proposed physical exercise. He thinks that whoever has the organization’s pursuits at heart would understand the reasons to the delisting.