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Amidst the paucity of data available to it however, a set of finance ledgers regarding the Fusionex Group (dated 05.07.2023) ended up also uncovered. In keeping with Hitachi, “the ledgers confirmed many suspiciously voluminous transactions pertaining to V-Circle’s and Convedge’s ‘application advancement expenses’ and/or ‘technology charges’.
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This time they explained the Fusionex Group desired the US$a hundred million to US£150 million funding to fortify its R&D. No mention was made of needing The cash to stabilise the group.