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The company drama took a grave transform when Fusionex's financial woes came to light-weight, leading Teh to propose an urgent cash injection of US£a hundred million to US£one hundred fifty million. Hitachi was bowled over through the unexpected and considerable funding ask for.
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Hitachi’s attorneys ended up also not provided a replica from the directive and had been only permitted to look at it without having getting any notes all through a meeting involving The 2 sides in KL on 23 Nov.
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This transfer will strongly boost, get and secure new purchaser bases, technologies and experience that Fusionex has cultivated inside the Asian region
Information contained in this information launch is current as from the day from the push announcement, this page but might be matter to vary devoid of prior discover.
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There exists current market talk that Ivan has an desire in the company although his identify isn't going to seem being a shareholder or director and someone accustomed to V-Circle tells DNA that Ivan has no interest in the company.
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A tech corporation’s fundamentals in the long run hinge on these 3 pillars. Using these pillars intact, the rest of the things will handle themselves. With this strong concentration and willpower, Fusionex should be able to climate by all storms and finally give optimal price to shareholders," he suggests.
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