Eventually, as mentioned by Hitachi in its winding up papers, Fusionex was “likely inside the zone of insolvency” and “not able to continue carrying on its business enterprise in its recent state.”An government within the agency tells DNA, “We want to wait For additional clarity on what genuinely happened at Fusionex before making any sel
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Within the Conference, attended by Jacob Isaac, the Handling Director and Chen Chiang, the CFO, a next possibility was presented which entailed a direct shareholder cash injection of among US$a hundred million to US£one hundred fifty million (by mid Nov) to stabilize the group, reduce even further erosion of assurance and decline of customers.As