fusionex Secrets
fusionex Secrets
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In keeping with a qualified lawyer knowledgeable about liquidation matters, “Hitachi, as the only shareholder, might have held its winding up petition at a standard and superficial stage.
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As an alternative, Hitachi went to excellent lengths in its court docket papers to update the courtroom with great depth of depth of many of the irregularities and alleged wrongdoings that occurred.”
The Court has also tasked the interim liquidators from the Fusionex Team of firms to situation a report about the position in the company and economic affairs of the companies. It is hoped that this kind of report will even drop some light over the condition of Fusionex.
Hitachi placed 5 of its executives as non-executive administrators to the board with Ivan and his CFO, Chen Chiang as government administrators.
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But a transparent picture emerges from their explanation the unusually comprehensive winding up petition submitted by Hitachi, viewed by DNA, where by Hitachi chronologically lists a number of actions by Ivan and his leadership group over a fifteen-month period that is certainly sweeping and breathtaking in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.
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