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Teh highlighted that the delisting of Fusionex on AIM was absolutely not the "stop from the road" for the corporation, but as a substitute enables Fusionex to emphasis its Electricity and to invest for the long term so that it is able to accomplish a more quickly and simpler development.

A robust advocate of not resting on one’s laurels and passionately pushed to produce a favourable change, Ivan a short while ago launched Fusionex’s Huge Data Option, aptly named Large - an all-encompassing Resolution with the extent of comprehensiveness that is the first at any time for being produced by an Asian organization. 

According to its winding up petition, Hitachi mentioned it absolutely was alerted by Ivan in Sept 2023 that the business experienced endured a pointy drop in profits accompanied by a shocking revelation from Ivan at a gathering on 27 Oct 2023 that it would wish to chop prices, including immediate retrenchments, devoid of which it may not be in a position to meet up with its financial obligations by Nov/Dec and that the retrenchments would need big compensation.

It presents them foresight concerning what they ought to do, based upon what happened in the past, to allow them to strategy superior for the long run. That’s what we do for our clientele, all of whom appear in various sizes and styles, major and little.”

Dato’ Seri Ivan Teh has about 18 yrs of encounter inside the ICT industry, and he has led teams in HP and Accenture ahead of founding Fusionex. He is usually invited to present talks, present his views and share insights in discussion boards and situations globally.

Rather, While using the court now appointing interim liquidators from Deloitte Restructuring Expert services PLT on 27 Dec, agreeing with Hitachi’s argument that the dire condition Fusionex faces requires urgency, the dread is the fact that Fusionex will cease to exist, with the only real remnants staying its billboards across the Klang Valley, waiting around to generally be taken down likewise.

The catalyst for The existing predicament started when Hitachi, as Portion of its threat administration and company governance exactly where it conducts an inner audit of its subsidiaries each and every 3 years, gave Ivan recognize in Aug 2022 that it meant to do an audit on Fusionex Group and Fusiotech Holdings in March 2023.

“The preceding senior administration departed the organization promptly with none kind of handover of the management as well as the operations.

“Only then we will find out the reason for the investigation. Just about anything at this stage of time is extremely speculative until eventually the investigation is entire.

Several expressed shock and disbelief that not merely Ivan, but associates of his Management group could behave in these types of an unprofessional, unethical and irresponsible manner. “If This really is correct, And that i Truthfully obtain it not easy to think, then they've opened themselves to legal action from Hitachi and in some cases doable censure with the Specialist bodies they are users web link of,” reported just one tech ecosystem leader with a robust company track record.

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Hitachi court petition to wind up Fusionex, expose grim photograph of alleged unethical and irresponsible carry out by Ivan Teh and his senior Management

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