As outlined by its winding up petition, Hitachi mentioned it had been alerted by Ivan in Sept 2023 that the organization experienced endured a sharp fall in profits followed by a shocking revelation from Ivan at a gathering on 27 Oct 2023 that it would need to cut expenses, such as speedy retrenchments, with out which it may not be in the position

“If This can be confirmed to be true, then I'm definitely astounded via the actions of your administration team in dealing with their own individual Board and shareholder. Hitachi is the only real shareholder of the corporate and so they, along with the Board they appointed, have full authority and electric power to obtain all and any company doc

Once again, Hitachi’s legal group had been refused a duplicate on the ‘Governing administration Directive’ and only allowed to look at it visually without using any notes. Additionally it is not identified if Hitachi has achieved out to any customers to guidance them, although this sort of efforts are Obviously handicapped by it not underst