“If this is confirmed to become accurate, then I'm definitely astounded by the actions from the management team in coping with their very own Board and shareholder. Hitachi is the sole shareholder of the company and they, and the Board they appointed, have whole authority and electricity to accessibility all and any organization doc they wish.

Teh hopes to get present shareholders assistance for this proposed exercising. He thinks that whoever has the corporate’s pursuits at heart would fully grasp The explanations to the delisting. 

Hitachi identified, for their shock, that from Sept to Nov, at the least a hundred and ten workers had either resigned or been retrenched. The administrators were not educated of this significant scenario.

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"We think the corporate's stocks are seriously undervalued and we think it can do way much better," claimed Teh.

A Hitachi Japan spokesperson advised DNA that Hitachi experienced no choice but to close the company down, describing it as the “most cautious system of action to proactively regulate and minimise the effect to All people associated.

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Hitachi’s lawyers have been also not presented a copy in the directive and have been only check these guys out allowed to check out it without taking any notes in the course of a meeting involving The 2 sides in KL on 23 Nov.

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