Hitachi positioned five of its executives as non-executive administrators over the board with Ivan and his CFO, Chen Chiang as government administrators.
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This integrated a conversation by using a previous senior government who tried to persuade me not to write in regards to the subject.
A few days later the inhouse authorized counsel for Fusionex showed Hitachi’s legal professionals a copy of One more ‘federal government directive’ dated 27 Nov which presupposed to prohibit Fusionex from sharing any info While using the audit committee.
The catalyst for The existing scenario begun when Hitachi, as Element of its danger management and corporate governance where it conducts an interior audit of its subsidiaries each 3 years, gave Ivan see in Aug 2022 that it meant to do an audit on Fusionex Team and Fusiotech Holdings in March 2023.
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This time they stated the Fusionex Team desired the US$100 million to US£150 million funding to strengthen its R&D. No point out was product of needing The cash to stabilise the group.
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"It would appear that the the latest incidents can be activated by some social gathering which wishes to avoid the delisting from going on, as well as to take advantage of the share value tumbling," prompt the source.
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In the meantime DNA has learnt that a previous Fusionex challenge manager for An important govt account has reached out to The federal government agency to reassure them that their Fusionex created and run System could be preserved and stored working easily post Fusionex.
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