The catalyst for The existing problem started out when Hitachi, as Portion of its danger administration and corporate governance where by it conducts an inner audit of its subsidiaries just about every three yrs, gave Ivan observe in Aug 2022 that it intended to do an audit on Fusionex Group and Fusiotech Holdings in March 2023.
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According to a seasoned law firm aware of liquidation issues, “Hitachi, as the only shareholder, could have stored its winding up petition in a essential and superficial stage.
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An ecosystem chief aware of the contents of Hitachi’s winding up petition did not mince his feeling of your alleged behaviour by Ivan and his Management staff.