Details, Fiction and fusionex
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intends to wind up. See table.) and also to help a true and good assessment of the earnings and decline accounts and stability sheets.”
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From the meeting, attended by Jacob Isaac, the Controlling Director and Chen Chiang, the CFO, a next option was offered which entailed an instantaneous shareholder money injection of in between US£100 million to US£a hundred and fifty million (by mid Nov) to stabilize the team, prevent further more erosion of self-assurance and reduction of consumers.
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Amidst the paucity of knowledge accessible to it on the other hand, a set of finance ledgers concerning the Fusionex Group (dated 05.07.2023) had been also uncovered. According to Hitachi, “the ledgers confirmed several suspiciously voluminous transactions pertaining to V-Circle’s and Convedge’s ‘software program progress prices’ and/or ‘technological know-how expenses’.
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