It is thought that other ex-Fusionex executives have also been reaching out to critical government and private sector customers in addition, assuring them of support while It's not at all crystal clear through which organization.

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This involved a dialogue having a previous senior executive who attempted to convince me not to write about the subject.

Interim liquidators Khoo and Goh were appointed as joint and several liquidators for your winding-up.

Hitachi court docket petition to end up Fusionex, reveal grim photograph of alleged unethical and irresponsible conduct by Ivan Teh and his senior Management

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The interim liquidators’ report sighted by The Edge additional my company said the cessation of business enterprise and termination of workforce had been completed in the fascination As well as in consideration on the fiscal situation of Fusionex Malaysia.

Information contained in this news release is existing as of the date of your press announcement, but may very well be topic to vary without having prior recognize.

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Meanwhile DNA has learnt that a former Fusionex undertaking supervisor for A serious government account has achieved out to the government company to reassure them that their Fusionex created and run platform can be managed and stored managing effortlessly publish Fusionex.

It remains for being seen if Ivan will come out and protect himself and his status in opposition to the harmful contents of Hitachi’s petition. Any potential he hopes to get of however getting a important Element of Malaysia’s tech ecosystem will rely on this.

This time they claimed the Fusionex Group required the US$a hundred million to US$150 million funding to improve its R&D. No point out was made of needing The cash to stabilise the group.

After we were much more secure and experienced our initial buyers, I wished Fusionex to grow and speed up, And that i couldn’t do that on your own. That’s why many of the pioneering workforce – there have been about five of us who started this – are still with us nowadays as we continue on to invite more and more people in the Fusionex family members.”