The giant company “Genesis” warns that without financing it could go bankrupt

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A report by “Bloomberg” indicates that “Genesis” the subsidiary of “DCG” is having trouble obtaining financing for its loan company, and it also warns its investors that it may go bankrupt if it fails to raise the required financing.

In addition, “Genesis” reports that it reduced the amount required for financing from one billion dollars to approximately 500 million dollars due to the difficulty in fundraising.

In response to Bloomberg’s report, a representative from “Genesis” claims that they have no plans to go bankrupt and that it is in talks to raise the necessary capital.

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