Hitachi put five of its executives as non-executive directors on the board with Ivan and his CFO, Chen Chiang as govt directors.Incredibly, Hitachi mentioned cabinets within the finance department “appeared to are emptied out” Along with the economic information and management accounts of the Fusionex Team and Fusiotech Holdings nowhere for b
Asked by DNA if Hitachi was planning to seek legal action towards the directors and administration group of Fusionex for failing to carry out their fiduciary duties, a Hitachi Japan spokesperson claimed, “Pursuing typical legal techniques, When the winding up get is granted because of the Courtroom, a liquidator might be appointed to take around
The catalyst for The existing predicament commenced when Hitachi, as Element of its possibility management and company governance where by it conducts an interior audit of its subsidiaries each individual 3 many years, gave Ivan notice in Aug 2022 that it meant to do an audit on Fusionex Group and Fusiotech Holdings in March 2023.The next day, Fusi