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“The former senior management departed the corporate immediately with none kind of handover of the administration and the operations.

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“Fusionex has established that they've got absent into quite a few verticals and possess generated progressive System that will help. It's been proven being probably the greatest Answer provider Within this region. We will see that Fusionex has a world experience and high quality to maneuver along with Proton”

The management team as well as the CEO owe a fiduciary obligation towards the Board and can't withhold any data asked for with the Board,” he claimed.

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The Ivan in query is Ivan Teh, a highly highly regarded 47-calendar year-old, soft spoken, well mannered entrepreneur with the rigorous perform ethic who Launched Fusionex in Malaysia in 2009 and grew it into one among Southeast-Asia’s leading analytics and AI companies.

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On top of that, all facts associated with the continuity from the Fusionex functions and company wasn't shared right before or handed about in the course of their departure,” mentioned the documents.

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It was not merely the movement to wind up, though the information that Ivan and many of his leadership group quit their Positions abruptly without having serving because of observe and didn't execute their Specialist and fiduciary responsibilities with a suitable handover of entry and paperwork.

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Within a created response handed to Ivan to the working day of the Assembly, Hitachi expressed grave problem about the lack of communications and transparency by Ivan and his Management workforce over the actual nature of the economic predicament of Fusionex.

The aim was to enhance, receive and protected new client bases, systems and expertise utilising the means that Fusionex had cultivated while in the Asian location.