The winding up petition versus the Fusionex Group of businesses are still pending before the courtroom and Using the Court hearing the petition in May well 2024.
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I'm involved which the actions from the Fusiotech management crew may have deeper repercussions for your ecosystem especially foreign traders and prospective acquirers of Malaysian startups.”
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Regardless of the progress, the corporate's inventory has remained largely flattish in the last fifteen months (excluding the new tumble).
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An govt in the company tells DNA, “We want to wait around for more clarity on what definitely happened at Fusionex before making any choices of guidance.”
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The catalyst for The existing scenario began when Hitachi, as Element of its risk administration and company governance where by it conducts an interior audit of its subsidiaries every a few decades, gave Ivan see in Aug 2022 that it meant to do an audit on Fusionex Team and Fusiotech Holdings in March 2023.