The fusionex Diaries

Regardless of the progress, the organization's stock has remained mainly flattish in the last fifteen months (aside from the modern tumble).   

“Basically the corporation is winding down. There plenty of people who find themselves nervous Using the uncertainty. Presented their capabilities as well as their profile, most would have no problem obtaining a occupation before long, that’s my guess,” mentioned the employee.

Having an official Web truly worth that at the moment stands at MYR1.2 billion, This really is a firm that – as Dato’ Teh points out – started that has a badminton game in addition to a desire of starting to be a superhero.

An govt through the agency tells DNA, “We wish to wait around for more clarity on what definitely occurred at Fusionex prior to making any choices of guidance.”

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"Similar to our IPO not being the top of the corporation’s journey then, the proposed delisting of Fusionex is just the beginning of a completely new chapter into your story of the corporation as well as increase of a different starting," he tells DNA within an interview.

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The target was to boost, acquire and safe new customer bases, technologies and know-how utilising the methods that Fusionex had cultivated while in the Asian location.

  The winding up petition from the Fusionex Group of companies are still pending before the court docket and with the Courtroom Listening to the petition in May well 2024.

“Only then we will see out the cause of the investigation. Something at this stage of your time is very speculative until the investigation is finish.

For Teh, the main driver for this sort of transfer is his belief that Fusionex is undervalued for a very long time that you can buy. 

It will make for a formidable, entertaining Screen of the sort of technological wizardry that Fusionex is effective at acquiring but, seriously, it’s just the suggestion of an extremely considerable iceberg. With the time it had been founded in 2005, Fusionex has built a name for alone in the global know-how marketplace by specialising in analytics, huge information, equipment Understanding, artificial intelligence and, perhaps most of all, its ability to sound right of huge quantities of structured and unstructured data for its shoppers.

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