About fusionex

Alternatively, with the court presently appointing interim liquidators from Deloitte Restructuring Companies PLT on 27 Dec, agreeing with Hitachi’s argument which the dire predicament Fusionex faces requires urgency, the dread is that Fusionex will stop to exist, with the only remnants currently being its billboards round the Klang Valley, waiting around to be taken down in addition.

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This has clearly Highly developed our details administration to some level which we have not envisioned before. We've been eager to see the partnership between Fusionex and Takaful Malaysia to develop much larger Down the road.”

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This begun a series of back and forth amongst Ivan and Hitachi, outlined in its petition, through which Hitachi needed to work out its legal rights as homeowners of Fusionex and with Ivan and his Management team providing numerous reasons to obstruct this, chief of which was a purported ‘authorities directive’ that prevented Ivan from sharing delicate data with foreign parties.

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It stays to get seen if Ivan will appear out and protect himself and his standing versus the harmful contents of Hitachi’s petition. Any upcoming he hopes to have of still staying a vital part of Malaysia’s tech ecosystem will count on this.

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But this ask for through the house owners of the business and its appointed administrators and audit committee was denied by Ivan, all to the pretext of some “federal government directive” that prevented him from sharing monetary info sought by Hitachi in a corporation they owned, one hundred%.

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