“MOSTA appreciates the contribution of Dato’ Seri Ivan & Fusionex for initiating the applying of AI on the palm oil market through this creation within the milling system and proposed marketing of palm oil.

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As a substitute, Hitachi went to good lengths in its court docket papers to update the courtroom with terrific depth of depth of all the irregularities and alleged wrongdoings that transpired.”

“You can find truths, 50 % truths and many untruths of the different views and speculations on the market. I might declare that we give Ivan some Area and in the event the dust settles, we will know extra,” reported The chief.

The Courtroom has also tasked the interim liquidators of the Fusionex Group of corporations to difficulty a report on the status of the business enterprise and monetary affairs of the businesses. It can be hoped that this kind of report may also drop some light on the point out of Fusionex.

It truly is a shocking fall, without the need of parallel in Malaysia’s tech history. Extra so, as Ivan could be the closest detail to being the golden boy for Malaysian tech, creating a business to contend in the organization tech space from world-wide tech players.

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An ecosystem leader familiar with the contents of Hitachi’s winding up petition didn't mince his feeling of the alleged behaviour by Ivan and his Management staff.

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As outlined by a skilled law firm familiar with liquidation matters, “Hitachi, as the only shareholder, might have stored its winding up petition in a basic and superficial stage.

“If This really is verified to generally be legitimate, then I am certainly astounded with the steps of the management workforce in addressing their very own Board and shareholder. Hitachi is the only shareholder of the organization plus they, along with the Board they appointed, have total authority and ability to access all and any corporation document they desire.

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