“You will discover truths, 50 % truths and a few untruths of the various viewpoints and speculations on the market. I'd mention that we give Ivan some space and if the dust settles, we will know much more,” reported the executive.

This sort of was Hitachi’s self-assurance in Ivan that it left him and his management staff thoroughly in charge of jogging FusioTech Holdings, the new company set up post its acquisition.

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Rather, While using the court currently appointing interim liquidators from Deloitte Restructuring Providers PLT on 27 Dec, agreeing with Hitachi’s argument the dire condition Fusionex faces requires urgency, the worry is that Fusionex will stop to exist, with the only real remnants staying its billboards around the Klang Valley, ready to be taken down also.

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The management crew plus the CEO owe a fiduciary obligation for the Board and cannot withhold any data requested via the Board,” he said.

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