THE FUSIONEX DIARIES

The fusionex Diaries

The fusionex Diaries

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“If That is verified to be accurate, then I'm definitely astounded via the steps in the management workforce in managing their own Board and shareholder. Hitachi is the only real shareholder of the corporate plus they, plus the Board they appointed, have complete authority and energy to access all and any company document they desire.

Btw, this non-cooperation also included a senior secretary who refused to deliver the new CEO, Hiroyuki Kumazaki, Along with the cellular numbers of every one of the senior leadership team and who to begin with refused at hand over her corporation notebook to him. And when she did, it had been identified to are actually cleaned (reformatted to erase all earlier data.)

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Exceptionally, Hitachi claimed cupboards during the finance Division “appeared to are emptied out” with the fiscal records and administration accounts of your Fusionex Team and Fusiotech Holdings nowhere for being located, apart from the equilibrium sheet and consolidated statement of monetary posture as at 30.9.2023.  

"We believe the corporation's stocks are actually undervalued and we think it can perform way superior," reported Teh.

A couple of days afterwards the inhouse legal counsel for Fusionex showed Hitachi’s legal professionals a replica of A different ‘governing administration directive’ dated 27 Nov which presupposed to try here prohibit Fusionex from sharing any facts Along with the audit committee.

They've long gone to court nonetheless it ought to undergo a Listening to right before anything at all can take location. So I’m unsure if the hearing will probably happen. All of this is completed by Hitachi’s legal professionals.”

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Hitachi described this as “shocking” because the members of your Audit Committee had been also directors of Fusiotech and should have unrestricted access to its monetary records. 

In the meantime DNA has learnt that a previous Fusionex task manager for A significant government account has attained out to the government company to reassure them that their Fusionex crafted and operate platform could be preserved and retained jogging easily submit Fusionex.

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