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“The prior senior administration departed the corporation straight away without any sort of handover in the management as well as functions.

He went on to add, “It is totally nonsensical to point out that there's a so named government directive to withhold info from overseas nationals and that this applies to foreigners who're around the board. There is no such point and it is actually basically an excuse to withhold facts with the Board.”

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

“Essentially the corporation is winding down. There plenty of people who are fearful Along with the uncertainty. Specified their techniques and their profile, most would've click no situation acquiring a occupation soon, that’s my guess,” stated the employee.

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Incredibly, Hitachi claimed cabinets while in the finance Division “appeared to have already been emptied out” While using the money records and administration accounts from find the Fusionex Team and Fusiotech Holdings nowhere to be uncovered, aside from the equilibrium sheet and consolidated statement of monetary position as at thirty.nine.2023.  

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“Only then we will find out the cause of the investigation. Something at this stage of time is extremely speculative until eventually the investigation is entire.

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The administration group as well as CEO owe a fiduciary duty to your Board and cannot withhold any data asked for by the Board,” he claimed.

“This decision stems from your insurmountable troubles arising within the insufficient handover of information and information with the past administration, which properly remaining Hitachi with none sort of data referring to the management, operations, and continuity of the enterprise of Fusionex Team,” he mentioned.

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