The winding up petition towards the Fusionex Group of companies are still pending ahead of the court and Along with the Court docket Listening to the petition in May 2024.
Rather, With all the court currently appointing interim liquidators from Deloitte Restructuring Services PLT on 27 Dec, agreeing with Hitachi’s argument that the dire problem Fusionex faces requires urgency, the fear is Fusionex will stop to exist, with the only remnants remaining its billboards round the Klang Valley, waiting around to generally be taken down also.
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For Teh, the leading driver for such transfer is his perception that Fusionex has long been undervalued for a long period out there.
Teh hopes to obtain present shareholders assist for this proposed physical exercise. He thinks that anyone who has the corporate’s passions at coronary heart would realize The explanations for your delisting.
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Hitachi found out, to their shock, that from Sept to Nov, no less than one hundred ten workers had either resigned or been retrenched. The administrators were not informed of the meaningful situation.
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This sort of was Hitachi’s self esteem in Ivan that it remaining him and his administration staff thoroughly answerable for managing FusioTech Holdings, the new organization set up post its acquisition.
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