About fusionex
About fusionex
Blog Article
The winding up petition in opposition to the Fusionex Team of firms remain pending ahead of the court docket and Along with the Court Listening to the petition in Might 2024.
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It can be a stunning drop, without the need of parallel in Malaysia’s tech record. A lot more so, as Ivan is definitely the closest point to becoming the golden boy for Malaysian tech, building a organization to contend while in the company tech House towards global tech players.
Because it was stated on Purpose, and excluding the global enterprise tech players, Fusionex has grown into one of many greater major details alternatives companies in Asia. Its clientele has also greater immensely.
The catalyst for The present situation started out when Hitachi, as Portion of its risk administration and company governance the place it conducts an inner audit of its subsidiaries each a few years, gave Ivan detect in Aug 2022 that it intended to do an audit on Fusionex Group and Fusiotech Holdings in March 2023.
From the area amount, it seems that minority shareholders and major shareholders like Teh are the biggest casulties.
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“The earlier senior management departed the company right away with no kind of handover on the administration as well as the operations.
"Just like our IPO not currently being the end of the organization’s journey then, the proposed delisting of Fusionex is just the start of a different chapter in the story of the company and the increase of a fresh beginning," he tells DNA within an interview.
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