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“The preceding senior management departed the company promptly with no type of handover in the management and also the operations.In the long run, as said by Hitachi in its winding up papers, Fusionex was “likely in the zone of insolvency” and “not able to carry on carrying on its company in its present state.”The next day, Fusionex ident
During the meeting, attended by Jacob Isaac, the Controlling Director and Chen Chiang, the CFO, a next option was offered which entailed an immediate shareholder capital injection of between US$one hundred million to US$150 million (by mid Nov) to stabilize the team, reduce further more erosion of self esteem and reduction of customers.The purpose