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  The winding up petition in opposition to the Fusionex Group of firms are still pending ahead of the court and While using the Court docket Listening to the petition in Might 2024.

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I'm concerned that the actions of the Fusiotech administration team could have deeper repercussions with the ecosystem especially overseas traders and possible acquirers of Malaysian startups.”

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Also, all information and facts regarding the continuity on the Fusionex operations and company wasn't shared just before or handed above in the course of their departure,” said the documents.

Suspicious transactions pertaining to V-Circle and Convedge for ‘software advancement charges’ and/or ‘technology costs’

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Hitachi’s lawyers have been also not presented a duplicate of your directive and were being only permitted to perspective it without having getting any notes all through a gathering involving The 2 sides in KL on 23 Nov.

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In the meantime DNA has learnt that a former Fusionex job supervisor for A significant government account has attained out to The federal government company to reassure them that their Fusionex developed and run System could be preserved and kept managing effortlessly write-up Fusionex.

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