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As an alternative, Together with the court docket by now appointing interim liquidators from Deloitte Restructuring Providers PLT on 27 Dec, agreeing with Hitachi’s argument the dire circumstance Fusionex faces demands urgency, the anxiety is always that Fusionex will cease to exist, with the sole remnants getting its billboards within the Klang Valley, ready being taken down also.

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In the meantime DNA has learnt that a previous Fusionex challenge manager for An important federal government account has arrived at out to the government agency to reassure them that their Fusionex developed and operate System would be preserved and kept functioning efficiently post Fusionex.

It can be a shocking tumble, with out parallel in Malaysia’s tech heritage. Far more so, as Ivan will be the closest issue to staying the golden boy for Malaysian tech, creating a corporation to compete in the enterprise tech Room towards global tech players.

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In 2017, Fusionex withdrew the listing of its shares from London Stock Exchange AIM being A personal corporation, fewer than five years just after its oversubscribed initial public supplying.

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Lots of expressed shock and disbelief that not simply Ivan, but associates of his leadership crew could behave in this sort of an unprofessional, unethical and irresponsible fashion. “If This is certainly real, And that i Truthfully locate it hard to believe that, then they've got opened them selves to legal motion from Hitachi and in some cases possible censure with the Skilled bodies they are customers of,” stated a person tech ecosystem leader find more info with a powerful company track record.

As of publishing of this have a peek here post, Ivan hasn't responded to DNA queries for getting his facet of the story.

About VCI World-wide Limited VCI World wide is often a multi-disciplinary consulting group with essential advisory tactics from the areas of business enterprise and technological know-how. The business presents company and boardroom tactic services, investor relation services, and technological innovation consultancy products and services.