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“If That is confirmed for being real, then I am definitely astounded with the steps on the management group in coping with their unique Board and shareholder. Hitachi is the only shareholder of the corporation they usually, plus the Board they appointed, have entire authority and electric power to entry all and any business doc they wish.
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Hitachi placed five of its executives as non-govt administrators to the board with Ivan and his CFO, Chen Chiang as government administrators.
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They have absent to court docket nonetheless it must go through a hearing right before everything takes spot. So I’m unsure once the Listening to will almost certainly take place. All this is finished by Hitachi’s lawyers.”