As of publishing of this post, Ivan has not responded to DNA queries to obtain his facet of the story.
It's a stunning slide, without parallel in Malaysia’s tech heritage. Far more so, as Ivan is the closest issue to currently being the golden boy for Malaysian tech, developing a company to contend in the enterprise tech House from global tech gamers.
Not surprisingly, you will discover other option implies to delisting from AIM, like removing the nominated advisor of the company instead of hiring a fresh one.
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“Only then we will see out the cause of the investigation. Anything at all at this point of time is very speculative right up until the investigation is entire.
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That’s science technology.” This inevitably drew him to a diploma in Personal computer science, which in by itself grew to become a springboard from which to enter the IT sector, propelling him to managerial positions in multinational companies which includes Hewlett-Packard, Intel and Accenture.
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Amidst the paucity of data available to it on the other hand, a set of finance ledgers relating to the Fusionex Group (dated 05.07.2023) were also observed. In accordance with Hitachi, “the ledgers showed several suspiciously voluminous transactions pertaining to V-Circle’s and Convedge’s ‘computer software development fees’ and/or ‘know-how costs’.
A Hitachi Japan spokesperson instructed DNA that Hitachi experienced no preference but to close the enterprise down, describing it as being the “most careful course of action to proactively manage and minimise the impression to everyone involved.
But a transparent image emerges from the unusually specific winding up petition submitted by Hitachi, viewed by DNA, where Hitachi chronologically lists a number of actions by Ivan and his Management team in excess of a fifteen-thirty day period period that is sweeping and amazing in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.
“I started searching approximately superheroes like Iron Person, Superman, and Batman Once i was about 8 or nine, so I’d draw them and imagine remaining a superhero as well. It wasn’t their superpowers that I wished for, but I really planned to remedy troubles and combat villains.
Ultimately, as stated by Hitachi in its winding up papers, Fusionex was “possibly during the zone of insolvency” and “unable to continue carrying on its enterprise in its recent condition.”