“Only then we will see out the reason for the investigation. Anything at this stage of time is very speculative right up until the investigation is complete.
The drastic step was induced because of the abrupt departure of Fusionex founder, Ivan Teh, and his senior Management, leaving the organization's operations within a state of confusion.
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In 2017, Fusionex withdrew the listing of its shares from London Stock Trade AIM to get a private enterprise, under 5 years following its oversubscribed First general public offering.
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“Only then we will find out the reason for the investigation. Something at this stage of time is highly speculative until the investigation is finish.
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“This conclusion stems through the insurmountable troubles arising from the inadequate handover of documents and data because of the previous administration, which successfully left Hitachi without any form of information relating to the administration, operations, and continuity in the small business of Fusionex Group,” he stated.
The shift will come amidst allegations of monetary opacity, audit obstruction, and unexplained employees alterations. BNN Correspondents
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