$Mirxes Holding Company Limited (810521.HK)$ At the beginnin...

102368639 commented on a stock · Nov 7, 2024 07:57

$Mirxes Holding Company Limited (810521.HK)$

At the beginning of the fiscal year, the company had $14 million in cash, but only $2.5 million left after six months, cash flow became very tight, facing the risk of interruption at any time. In order to pay for working capital, the company borrowed about $8 million from the founder and about $9 million from a third party. In addition, the company's losses further expanded, reaching $44 million in the first half of 2024.

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