This incorporated a discussion with a former senior govt who tried to influence me not to write about the subject.

Prior to my having access to the Hitachi winding up petition papers, I had put in Pretty much two months inquiring sector gamers, latest and previous Fusionex personnel about what might have absent Mistaken but with little light on what might have brought about this drastic final decision by Hitachi.

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"He signed an irrevocable declaration to vote in favour in the delisting," explained the source, who declined being name due to the sensitivity of the information. 

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He went on to add, “It is absolutely nonsensical to point out that there is a so referred to as federal government directive to withhold information and facts from international nationals and that this applies to foreigners who're on the board. There is not any these types of issue and it really is basically an justification to withhold information and facts with the Board.”

As of publishing of this text, Ivan has not responded to DNA queries to get his aspect in the story.

It stays to become found if Ivan will appear out and protect himself and his reputation from the harmful contents of Hitachi’s petition. Any upcoming he hopes to possess of however being a crucial Portion of Malaysia’s tech ecosystem will depend on this.

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Hitachi placed 5 of its executives as non-govt administrators to the board with Ivan and his CFO, Chen Chiang as government directors.

Needless to say, you will discover other alternative indicates to delisting from AIM, like getting rid of the nominated advisor of the business and never using the services of a fresh one particular.

It can be believed that other ex-Fusionex executives have also been reaching out to key government and personal sector clients too, assuring them of assist however It's not at all obvious through which enterprise.