A Hitachi Japan spokesperson told DNA that Hitachi experienced no selection but to close the small business down, describing it because the “most cautious course of action to proactively control and minimise the impression to Anyone concerned.

and his crew - whereby the company's shares fell significantly after it introduced that it wants to seek out shareholders’ acceptance to delist through the London Stock Exchange AIM. 

Although the dust isn't about to decide on this story as Ivan and his senior execs who left suddenly are hoping for. Not when The solution to Hitachi’s drastic winding up software is laid bare inside the in-depth courtroom submission.

It is a stunning tumble, without the need of parallel in Malaysia’s tech heritage. Additional so, as Ivan will be the closest issue to getting the golden boy for Malaysian tech, building a corporation to compete from the business tech House from global tech players.

“If This is often verified for being accurate, then I'm actually astounded by the steps in the administration workforce in working with their own individual Board and shareholder. Hitachi is the sole shareholder of the corporation and they, plus the Board they appointed, have comprehensive authority and electric power to access all and any corporation doc they drive.

“Only then we will see out the cause of the investigation. Just about anything at this point of your time is highly speculative until eventually the investigation is total.

Hitachi placed five of its executives as non-government administrators around the board with Ivan and his CFO, Chen Chiang as government directors.

Nevertheless, this was ample for Hitachi’s attorneys to realise the ‘Federal government Directive’ was basically a standard letter reminding the recipients to work out caution and keep away from breaching any rules in relation on the disclosure of information to 3rd parties and foreigners.

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“Only then we will discover out the reason for the investigation. Anything at all at this stage of your time is highly speculative until eventually the investigation is full.

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