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“As FashionValet sought to transform into a multi-channel shopping platform, it rapidly expanded its physical store presence. “The challenging fundraising environment at that time also hindered FashionValet’s attempts to secure fresh funding,” he stated. “To remain operational and resolve cash flow issues, FashionValet urgently required capital from new investors, but received limited interest,” he added.
“The final findings will help improve governance within the involved government-linked investment companies ,” he said.
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